Sajwani, who founded Damac, announced his intention to take the company private, resigned as the property giant’s chairman, and made a conditional offer to buy the company’s remaining shares
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Damac Properties
Dubai billionaire Sajwani ups Damac bid after investor backlash
Hussain Sajwani has increased his bid to buy the rest of Damac Properties by about 8%
Damac Properties
Dubai’s Damac calls meeting to discuss offer from Maple Invest Co
Developer says board will meet on October 5 to consider offer and whether to recommend it to shareholders
Damac Properties
Damac founder relaunches partial offer to take Dubai developer private
Hussain Sajwani’s Maple Invest Co says update to $595m offer made in June is expected within 14 days
acquisitions
Sajwani postpones offer to buy remaining Damac shares
Billionaire businessman previously made an offer to take over the rest of the Dubai developer’s shares at a discount through his investment company Maple Invest Co Limited
Damac Properties
Damac hires advisers to assess $599 million offer to go private
An independent valuer and financial adviser have been appointed to help the board determine the financial fairness of the offer from the perspective of shareholders
Damac Properties
Dubai’s Damac appoints top-level committee to assess $599m shares offer
Developer also announces the appointment of new chairman following the resignation of Hussain Sajwani
Damac Properties
Dubai billionaire Sajwani’s Maple Invest Co makes $599m conditional offer on Damac shares
Sajwani has resigned as chairman of Damac Properties and made an initial offer to buy the company’s remaining shares through Maple Invest Co Limited, which he owns
