Maple Invest considers acquiring DAMAC Properties

No offer or agreement has been made to date

  
Image used for illustrative purposes only. Investors looks at stock exchange information at the Dubai Financial Market .

Image used for illustrative purposes only. Investors looks at stock exchange information at the Dubai Financial Market .

REUTERS/Mosab Omar

Dubai –  Maple Invest Co. Limited announced, as a representative of Hussain Sajwani and his group, that it is exploring the potential acquisition of 100% of the issued and paid-up capital of DAMAC Properties Dubai.

This is part of the company’s strategy to continuously explore investment opportunities regionally and internationally, according to a statement to the Dubai Financial Market (DFM) on Thursday.

Currently, the company is considering several investments in the UK, Europe, and the US, as well as the acquisition of the DFM-listed firm.

No offer or agreement has been made to date, the company affirmed.

It is worth mentioning that DAMAC's chairman Sajwani, who owns 72.2% of the company, was reportedly considering to purchase minority shareholders' holdings and make the DFM-listed company private.

Source: Mubasher

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