Bourse delistings gather pace


Issue 1128 - 17 Jun 2021 | 1 minute read

Hussain Sajwani has made an offer to buy out the minority shareholders of the Dubai Financial Market-listed Damac Properties Dubai for Dh2.19bn ($599m). In a statement on 9 June, Damac said it had received an offer through a Sajwani-owned vehicle, Maple Invest Company, and that Sajwani had subsequently resigned as chairman and board director of Damac, to prevent a conflict of interest.

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.


View a selection of Free articles

Explore subscription options

Follow us on Google News