Marketing-Börse PLUS - Fachbeiträge zu Marketing und Digitalisierung
Marketing-Börse PLUS - Fachbeiträge zu Marketing und Digitalisierung
print logo

UAE's Aabar buys 5.1% stake in Palm Hills

Aabar, a subsidiary of the United Arab Emirates' sovereign wealth fund and run by the Abu Dhabi government, will have a representative on the board.
10.11.14 | Source: Arabian Business

Aabar Investments has acquired a 5.1 percent stake in Egypt's second-largest listed real estate developer Palm Hills, Palm Hills said in a statement on Sunday.

Palm Hills is valued on the Egyptian Stock Exchange at approximately 5.6 billion Egyptian pounds ($785 million), putting the value of the investment at around 285 million Egyptian pounds, according to Reuters calculations.

continue reading at Arabian Business
FREE NEWSLETTER