Damac
DAMAC
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1.40
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DAMAC
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 ownership of the outstanding share capital of Nine Elms in London from 20% indirect ownership to 40% total ownership.
It is noteworthy to mention that in 2020, the company incurred AED 1.039 billion net losses, compared to AED 37 million in 2019.
Source:
Mubasher