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Dubai's Tejoori mulling options for Arjan plots
- United Arab Emirates: Tuesday, February 12 - 2013 at 03:11
Dubai-based Islamic investment firm Tejoori is considering whether to sell its Arjan plots in Dubailand in their current state, or developing and selling them. "Since acquiring the Arjan plots in December 2012, the board has been evaluating options in order to attempt to maximise the value of this investment," the chief executive of Tejoori, Abdullah Lootah, told investors at an annual general meeting on Saturday. "This may include selling the plots in their current state or developing the plots before selling them. As part of this evaluation we have held discussions with a highly regarded development company for the potential for them to be the company's development partner should the board decide to proceed down this route," said Lootah.
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