Doha – Mubasher: Salam International Investment Company announced on Thursday that its board of directors agreed on buying a labour housing complex in Dubai for AED 55 million ($15 million).

During its meeting yesterday, the board also approved to sell the stake of the company’s subsidiary Salam Group in Qatar Future Development Company (Adabisc).

Furthermore, the board decided to rearrange, restructure and unify some of the company’s subsidiaries in order to rationalize spending

The stock shrank before the end of today’s trading by 0.44% to QAR 11.3.