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Mazaya decides not to purchase remaining First Dubai shares
- Kuwait: Tuesday, June 30 - 2009 at 11:24
Kuwait-based Al Mazaya Holding has decided not to proceed with a plan to purchase the shares it doesn't already own in First Dubai Real Estate Development Co. The company has said in a statement to the Kuwaiti bourse it would have gained 'only marginal benefit' from purchasing a 33% stake in First Dubai.
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