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Deyaar doubles its capital
- United Arab Emirates: Saturday, May 20 - 2006 at 13:03
Deyaar, the UAE based real estate company, has announced a 100% increase in its paid up capital from $136m to $272m. A decision was recently approved by the boards of directors of Deyaar and its parent company, the Dubai Islamic Bank, respectively. Dr. Mohammad Khalfan Bin Kharbash, Chairman of Dubai Islamic Bank, said that the increased capital base will facilitate Deyaar's investment in lucrative real estate markets and ensure profits for its principal shareholders.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, May 20 - 2006 at 13:03 UAE local time (GMT+4)
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