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Damac Properties Dubai Co PJSC (DAMAC)

Last update: 25 October 02:55 PM market time.
1.26
0.01
0.80%
Open 1.25
Previous Close 1.25
High 1.26
Low 1.24
Stock Statistics
Volume 4,113,517
Turnover 5,141,268.90
All data are 15 minutes late during market session

News

Damac will collaborate with Dataplex Group to develop brownfield projects
19 October 11:22 AM Damac partners with Dataplex to develop data centre facilities in Europe
Dubai - Mubasher: Damac Group has partnered with Dataplex Group Limited, a Dublin-based data centre colocation, engineering, and construction solutions company, to establish data centre facilities in Europe. Under the partnership, Damac will …
Photo Archive
23 September 01:26 PM Sajwani receives SCA nod to acquire shares in Damac
Dubai – Mubasher: Damac Properties Dubai Company has received a disclosure from Hussain Ali Habib Sajwani stating that the Securities and Commodities Authority (SCA) approved for Maple Invest Co Limited to go on with the potential acquisition. …
The construction of the 70-floor tower is set to begin in 2022
20 September 04:03 PM Italy's Cavalli collaborates with Damac to launch $545m luxurious tower
UAE - Mubasher: Italian fashion house Cavalli has partnered with DAMAC Properties to develop a $545 million luxurious skyscraper in Dubai, Damac Founder, Hussain Sajwani, announced as cited by Reuters. To be located in Dubai Marina, the …
The direct deal was implemented on 147.553 million shares
20 September 12:34 PM DFM announces AED 184m direct deal on Damac
Dubai – Mubasher: Dubai Financial Market (DFM) has recorded an AED 184.441 million direct deal executed on the shares of DAMAC Properties. The direct deal was implemented on 147.553 million shares at a price of AED 1.25 per share, according to a …
Photo Archive
15 August 12:21 PM Damac narrows losses by 25% in H1-21
Dubai – Mubasher: DAMAC Properties reported a 25% decline in net losses by the end of the first half (H1) of 2021 to AED 290.6 million, down from AED 386.7 million in H1-20. The decrease in losses resulted from a lower loss allowance on trade …
The acquisition procedures have been delayed for the SCA's review
22 June 09:37 AM Maple Invest postpones Damac Properties' share acquisition
Dubai – Mubasher: Maple Invest Co, owned by Hussain Sajwani, has decided to postpone the procedures to acquire shares in the share capital of DAMAC Properties, as the Securities and Commodities Authority (SCA) is reviewing the offer. Maple Invest …
The board has also agreed on appointing Al Tamimi & Company as the legal advisor
16 June 11:27 AM DAMAC appoints independent committee to assess Maple Invest's acquisition offer
Dubai – Mubasher: The board of DAMAC Properties has approved to appoint an independent committee to review and assess the offer made by Maple Invest Co, owned by Hussain Sajwani, to acquire 100% of the company's issued and paid-up ordinary share …
This transaction would result in delisting Damac from the DFM
9 June 12:47 PM Hussain Sajwani's Maple Invest submits AED 935m all-stock offer for Damac
Dubai – Mubasher: Maple Invest Co, owned by Hussain Sajwani, has submitted an AED 935.4 million ($255 million) offer to purchase the minority shareholders in DAMAC Properties, Reuters reported. Sajwani, who resigned as chairman and from the …
The company generated revenues of AED 642.226 million
16 May 09:47 AM DAMAC Properties reports rise in losses in Q1-21
Dubai – Mubasher: The net losses of DAMAC Properties increased to AED 189.622 million during the first quarter (Q1) of 2021, compared to AED 106.127 million in the year-ago period, according to the company's consolidated interim financials for the …
The value of the transaction is less than 5% of the company's issued capital
8 March 11:34 AM DAMAC clarifies ownership increase in DAMAC International
Dubai – Mubasher: DAMAC Properties will raise its ownership of the share capital of DAMAC International Limited for indirectly owning 75% of Nine Elms real estate project in London and working on a resort project in Maldives. The value of the …
The board has approved to raise the company's ownership in DAMAC International
7 March 09:41 AM Damac's board nods to raise ownership in Damac International
Dubai – Mubasher: The board of DAMAC Properties has approved to raise the company's ownership of the outstanding share capital of DAMAC International Limited to 45% from 20%. In December, the company's board nodded to an increase in the company's …
The company generated revenues of AED 4.7bn in 2020
14 February 09:42 AM Damac Properties sees higher losses in 2020 amid COVID-19
Dubai – Mubasher: DAMAC Properties incurred AED 1.039 billion net losses in 2020 preliminary financial results, compared to AED 37 million in 2019.  The coronavirus (COVID-19) pandemic, lockdown, travel restrictions, and the plunge in global …
The board has also appointed a new board member
23 December 2020 04:00 PM Damac's board nods to ownership increase in Nine Elms
Dubai – Mubasher: The board of DAMAC Properties has approved to increase the company's ownership of the outstanding share capital of Nine Elms in London from 20% indirect ownership to 40% total ownership. During its meeting, the board has also …
Sajwani has been supporting the decision to temporarily stop construction in Dubai
22 December 2020 11:36 AM Dubai’s real estate sector to face challenges in 2021 – Damac Chairman
Dubai – Mubasher: The real estate sector in Dubai will face challenges in the upcoming year, the Chairman of DAMAC Properties, Hussain Sajwani, told Bloomberg TV. Sajwani warned that the real estate market, which already has a property glut, would …
The board has not received any other acquisition deals
20 December 2020 03:34 PM Damac to consider raising shareholding in London's Nine Elms in potential acquisition
Dubai – Mubasher: The potential acquisition that will be considered by the board of DAMAC Properties is related to rising the company's current shareholding in the Nine Elms project in London, the company announced on Sunday. The company confirmed …
The board will appoint a new board member
20 December 2020 10:23 AM Damac Properties to consider potential acquisition
Dubai – Mubasher: The board of DAMAC Properties will discuss a potential acquisition deal in a meeting set to be held on 23 December 2020. During the meeting, the board will appoint a new board member to replace a resigning member, according to …
Chairman Hussain Sajwani owns 72.22% of the company’s shares
16 December 2020 11:35 AM DAMAC Properties says 3% of shares owned by foreign investors
Dubai – Mubasher: DAMAC Properties said that foreign investors own 3% of the company’s shares, denying media reports claiming that 33.7% of its shares are owned by foreigners. The company affirmed the data showing on the website of the Dubai …
The company's booked sales declined to AED 1.6bn
12 November 2020 10:45 AM Damac Properties records AED 931m losses in 9M
Dubai – Mubasher: The interim financials of DAMAC Properties recorded net losses of AED 931 million in the first nine months of 2020, versus AED 133 million net profits in the year-ago period. The company's revenues increased to AED 3.65 billion …
Zada units are valued at AED 699,999
11 October 2020 10:36 AM Damac awards AED 181m contract to Trans Emirates Contracting
Dubai – Mubasher: DAMAC Properties has awarded Trans Emirates Contracting an AED 181 million contract to start the construction of Zada, a 26-storey building located in the Business Bay. Damac is launching Zada project amid the challenges facing …
The company's revenues recorded AED 2.37 billion
13 August 2020 00:20 PM DAMAC incurs AED 387m losses in H1-20
Dubai – Mubasher: DAMAC Properties has logged net losses of AED 386.69 million in the first six months of 2020, against net profits of AED 81.63 million in the corresponding period of 2019. The net losses are caused by the impact of the …
Omran will raise its ownership in MTDC to 100%
5 August 2020 10:05 AM Damac ends joint venture with Oman's Omran
Dubai – Mubasher: DAMAC Properties clarified that Damac International Limited (DIL) has entered a transaction to restructure Muttrah Tourism Development Company (MTDC). DIL, a joint venture between Damac and Dico Group, will end its agreement on …
No offer or agreement has been made to date
9 July 2020 06:02 PM Maple Invest considers acquiring DAMAC Properties
Dubai – Mubasher: Maple Invest Co. Limited announced that, as a representative of Hussain Sajwani and his group, it is exploring the potential acquisition of 100% of the issued and paid-up capital of DAMAC Properties Dubai. This is part of the …
The company has not received any acquisition requests from any parties
1 July 2020 11:01 AM DAMAC Properties denies receiving acquisition requests
Dubai – Mubasher: DAMAC Properties has denied the media reports claiming that its president is considering taking the company private, according to the company's disclosure to the Dubai Financial Market (DFM) on Wednesday. The company confirmed …
The board approved the appointment of Farooq Arjomand as vice chairman
18 June 2020 04:55 PM Hussain Sajwani elected as DAMAC Properties chairman
Dubai – Mubasher: The board of DAMAC Properties has re-elected the company's founder and owner, Hussain Sajwani, as the company's chairman, according to the company's disclosure to Dubai Financial Market (DFM) on Thursday. The board also approved …
Losses amounted to AED 106 million during the first quarter
25 May 2020 06:01 PM DAMAC turns to losses in Q1-20
Dubai – Mubasher: DAMAC Properties has reported losses of AED 106 million during the first quarter (Q1) of 2020, against a profit of AED 31.1 million for the same period of 2019. The value of the company’s assets fell to AED 23.3 billion, while …