In a statement to the stock market, Dubai Investments affirmed the news that the company is planning to acquire stakes in two existing companies before the end of this year.
It was reported yesterday that DI plans AED 400 million investments to acquire two companies and announce IPO in one of them in 2016.
The company also said it does not plan any exits that will be reflected in the fourth quarter of the fiscal year 2014.
The IPO of the real estate subsidiary or any of the 38 companies with DI will be decided in the beginning of 2016. The new acquisitions are still in advanced stages of negotiations and DI will inform the market and regulatory authorities once finalized and signed, according to the statement.
DI also said the impact of the new acquisitions will be reflected in the company’s financials in 2015 only.