Emaar investors approve Dubai Creek Harbour acquisition ...United Arab Emirates

Shareholders have approved Emaar Properties’ acquisition of Dubai Creek Harbour from Dubai Holding, the master developer has announced. Shareholders have also approved the sale of Namshi Holding to Noon AD Holdings from its key retail subsidiary Emaar Malls Management. The announcement is the result of a General Meeting on 21 September. According to Emaar, shareholders approved a motion to acquire assets from Dubai Holding and the issuance of a mandatory convertible bond with an aggregate value of US $1.02bn to Dubai Holding. The acquisition deal was originally announced in mid-August. In April 2022, Emaar Development said it would handover 8,500 residential units by the end of the year. Th

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Last updated : 22 September 2022 clock 11:36 AM

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Emaar investors approve Dubai Creek Harbour acquisition ...United Arab Emirates

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