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#Dubai developer Damac's shareholders to know of opening and closing dates of buy offer in 21 days | Property – Gulf News

Damac's mintority shareholders will have 21 days and then some to make up their mind on the Dh2.2b offer to buy  them out. Image Credit: Bloomberg In another 21 days, the Hussain Sajwani owned Maple Invest will inform Damac’s Board of Directors and shareholders the opening and closing date for its open-ended offer to acquire the 27.285 per cent not held by it.Maple made the formal approach to Damac on June 9, a day after signaling its intention to acquire the balance stake. If al...
Tags: Travel, Bloomberg, Dubai, Gulf News, Rupert Neil Bumfrey, Damac, Hussain Sajwani, Sajwani, Maple Invest, Damac 's Board of Directors

Maple Invest mulls Damac Properties acquisition - Arabianbusiness

Maple Invest mulls Damac Properties acquisition - Arabianbusiness:Hussein Sajwani's Maple Invest Co Limited is exploring the potential acquisition of Damac Properties, but insisted no formal offer has been made.In a filing on Dubai Financial Market, Maple Invest said it is “in the process of assessing the acquisition opportunity”, but said there is currently no intent of making an offer.“With reference to recent news, and in light of the commitment by Maple Invest Co Limited, as a representative...
Tags: Travel, United States of America, DAMAC Properties, Rupert Neil Bumfrey, DFM, Hussein Sajwani, Maple Invest, Maple Invest Co Limited, Dubai Financial Market Maple Invest, United Kingdom Continental Europe, Damac Properties Dubai PJSC