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Hydra buys 20% of RAK Cement
- United Arab Emirates: Thursday, August 09 - 2007 at 07:04
Hydra Properties has acquired 20% stock in Ras Al Khaimah Cement Company as part of its strategy to diversify investments within sectors that are related to real estate. RAK Cement as one of the leading cement producers in the regional market is one of Hydra's priorities as acquiring shares in companies dealing in building materials is in line with company's strategy for property development.
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Medilyn Manibo, Assistant News EditorThursday, August 09 - 2007 at 07:04 UAE local time (GMT+4)
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