ArabianBusiness.com - Middle East Business News
Tuesday, 24 November 2009 03:54 UAE time

YOUR DIRECTORY /

| Share |

Dar denies talks to sell stake in property arm

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Wednesday, 02 July 2008
TALKS DENIED: Investment Dar said it has not held any discussions over selling a stake in its property arm. (Getty Images)
TALKS DENIED: Investment Dar said it has not held any discussions over selling a stake in its property arm. (Getty Images)

Kuwait's Islamic firm Investment Dar denied a press report on Wednesday that it was in talks to sell a stake in its real estate affiliate Oqyana.

Kuwait's bourse earlier suspended trading in Dar's shares seeking clarification after local daily Al-Wasat said in an unsourced report that Oqyana was in talks to sell a 30 percent stake.

"The company did not hold any negotiations to sell its shares in Oqyana," Dar said in a statement on the bourse website.

Story continues below ↓
advertisement

The bourse said trading in Dar's shares will be resumed shortly after the clarification.

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST REAL ESTATE

  1. Saudi's Tanmiyat eyes projects outside GCC region
  2. Abu Dhabi's maximum rent rise set at 5%
  3. Bahrain real estate market held back by delays, traffic - CBRE
  4. Free legal advice move 'too little, too late' - poll
  5. Luxury Dubai developer eyes Saudi for new project

TOP MIDDLE EAST BUSINESS STORIES

  1. Shell delays Qatargas4 project by a year
  2. 'Worrying' diabetes tests raise doubt on UAE's health
  3. Accor opening two new ibis hotels in region
  4. First UAE arthouse cinema opens in Dubai Mall
  5. Abraaj Capital issue is fully subscribed

ALSO IN MIDDLE EAST REAL ESTATE

  1. Dubai developers see negative press reports decline
  2. Merger technical talks to conclude in a month - Emaar
  3. Dubai property market 'may take 10 years to rebound'
  4. Qatar house prices set to fall 15% next year
  5. Saudi's Tanmiyat eyes projects outside GCC region

LATEST MIDDLE EAST BUSINESS NEWS

  1. Energy: Shell delays Qatargas4 project by a year
  2. Construction & Industry: Abyaar and Lacroix to build Dubai residential tower
  3. Travel & Hospitality: Gulf Air unveils strategy to save $2.65bn over five years
  4. Travel & Hospitality: Accor opening two new ibis hotels in region
  5. Banking & Finance: Abraaj Capital issue is fully subscribed

SHARE PRICE CHECK

more ยป MIDDLE EAST MARKETS DATA

TID.KSE

Last Price:

0.00

0.00%

23 Nov 2009 19:54 GMT
(Market Closed)

RELATED STORIES

Markets
3 stories
  1. Banks, real estate lead Abu Dhabi, Dubai down
    3 Jul '08 | News
  2. DIFX eyes derivatives trading launch
    2 Jul '08 | News
Oqyana Real Estate
| 1 story
  1. Crazy concepts
    1 May '07 | Interviews
The Investment Dar Co.
| 69 stories
  1. Kuwait bourse warns 25 firms over late Q3 results
    12 Nov '09 | News
  2. Dar's Bahraini unit extends claims freeze to 2010
    10 Nov '09 | News
  3. Investment Dar extends talks on restructuring
    13 Oct '09 | News

RELATED LINKS

  1. Oqyana Real Estate»
  2. The Investment Dar Co.»
Related links open in a new window and are not endorsed by ArabianBusiness.com.

 EMAIL ALERTS

  1. Oqyana Real Estate

  2. The Investment Dar Co.

  3. Real Estate


CURRENCY CONVERTOR

Tell us your story

CURRENT ISSUE


 

READER COMMENTS

  1. Dubai developers see negative press reports decline 07
    23 Nov ' 09 at 20:40
    Someone just said she'll never invest again in Dubai, that's because you don't have anything to invest anymore. Your impetuosity proved...   More  »
  2. Why I h8 junk txts 06
    23 Nov ' 09 at 22:23
    I have to disagree with the comment about junk mail in the UK. We registered with the Mail Preference Service (and Phone Preference...   More  »
  3. Fewer drivers killed on Dubai roads last year 04
    23 Nov ' 09 at 15:21
    Hi Mick, can I make a suggestion. If you travel with someone, then let him video this driver with your mobile. You can pass that onto...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY