Changing Tides in Dubai and Abu Dhabi Markets: A Review of Recent Ownership Percentage Shifts
Dubai and Abu Dhabi markets have witnessed changes in ownership percentages of various companies, according to a recent bulletin published by “Arqaam”. Al Saqr United Group increased its stake in Ras Al Khaimah Real Estate Company from 10.19% to 10.24%, while Fouad Abdel Hadi Muhammad Mishal’s ownership percentage in Aram Company also increased from 5.12% to 11.81%. In the Abu Dhabi market, ADQ Aviation and Air Services Company raised its stake in Abu Dhabi Aviation from 5% to 59.45%, while Maamoura Diversified Global Holding Company reduced its stake in the company from 30% to 12.17%. Ghobash Trade and Investment Company Limited saw a decrease in its ownership percentage in the National Corporation for Tourism and Hotels from 5.48% to 5.47%.
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