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Cheeky Monkeys’ acquisition to immediately affect revenues – Marka

Cheeky Monkeys’ acquisition to immediately affect revenues – Marka
Photo Credit: Arabianeye-Reuters
Marka
MARKA
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Dubai – Mubasher: Dubai-based retail operator Marka Holding said the total value of shares acquired in Cheek Monkeys Playland, its branches and Sweet Surprises amounts to 60% worth AED 30 million, according to a filing to the Dubai Financial Market (DFM) on Sunday.

Marka said the deal is subject to final adjustment following the completion of the transaction and the official share transfer, adding that the acquisition will have “immediate and positive effect” on its revenues.

Total revenues from the acquisition from May to December 2015 are set to reach AED 17.25 million. Revenues for 2016 and 2017 are to reach AED 35.47 million and AED 46.11 million, respectively, according to the bourse filing.

Marka recently announced acquiring a majority stake in Cheek Monkeys Playland and Sweet Surprises.