Damac Real Estate Development starts selling 3 5-year sukuk zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Sajwani resigns, offers $595m to take Damac private
Hussain Sajwani, chairman of DAMAC Properties.
File photo
Maple Invest Co, an investment vehicle owned by Sajwani, offered $595 million as a conditional bid for the issued share capital of Damac not already owned by Maple and its affiliates
Dubai’s real estate tycoon Hussain Sajwani has resigned as the chairman of property developer Damac as he prepares to take the company private.
Maple Invest Co, an investment vehicle owned by Sajwani, offered $595 million as a conditional bid for the issued share capital of Damac not already owned by Maple and its affiliates.