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Al Batha buys stake in Malaysian realty firm
- United Arab Emirates: Thursday, October 23 - 2008 at 08:38
UAE-based Al Batha Group has acquired 40% of Bukit Kiara Capital Sdn Bhd of Malaysia, a boutique Real Estate Developer, for Dhs44m ($12m). The acquisition, part of a strategic initiative to expand the group's footprints across international markets, will lead to a new Malaysian company under the name of Al Batha Bukit Kiara Holdings Sdn Bhd. The new business entity will undertake property developments in Malaysia where three major projects involving an investment of Dhs1bn are under way.
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Jeff Florian, Senior ReporterThursday, October 23 - 2008 at 08:38 UAE local time (GMT+4)
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