News tagged "Stake"

DSI to sell stake in Abu Dhabi's Wahat Al Zaweya

DSI to sell stake in Abu Dhabi's Wahat Al Zaweya

11th April 2019

According to *Constructionweekonline news report, Drake & Scull International's (DSI) shareholders have approved a restructuring plan for the loss-making UAE contractor, including the divestment of shares in Wahat Al Zaweya, and potentially even closing down offices and subsidiaries.[..]

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Aldar takes complete control of Khidmah

Aldar takes complete control of Khidmah

26th September 2018

26 September 2018 - Abu Dhabi, UAE: Aldar Properties today announces that it has acquired 40% of Khidmah - one of the UAE’s leading integrated property services companies - taking its total ownership to 100%. [..]

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Emaar Malls acquire 51% stake in Namshi for US$ 151 mn

Emaar Malls acquire 51% stake in Namshi for US$ 151 mn

25th May 2017

Leading developer Emaar Properties said its retail business unit has signed a strategic partnership deal with emerging markets’ leading fashion e-commerce platform Global Fashion Group (GFG) to further the growth of Namshi, a leading online fashion retailer in the Middle East.[..]

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Acwa Power and Apicorp sign agreement for 8% stake in Shuqaiq IWPP

Acwa Power and Apicorp sign agreement for 8% stake in Shuqaiq IWPP

29th March 2017

Acwa Power, a Saudi-based developer, owner and operator of independent power generation and water desalination plants, and Arab Petroleum Investments Corporation (Apicorp) have signed a sale and purchase agreement for an eight per cent effective stake in Shuqaiq Independent Water and Power Project (Shuqaiq IWPP) in Saudi Arabia.[..]

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