M'Sharie to offer stake to investors
United Arab Emirates: Thursday, April 24 - 2008 at 07:08
M'Sharie, the private equity arm of Dubai Investments, will offer up to 40% of its shares to Gulf investors in a private placement on May 8, reported Gulf News. The firm's managing director Abdul Aziz Al Serkal said 35 investors from around the Gulf have shown interest in buying a stake in the company. M'Sharie's portfolio comprises 19 UAE-based companies, which mainly make products for the construction industry.
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Jeff Florian, Senior ReporterThursday, April 24 - 2008 at 07:08 UAE local time (GMT+4)
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