Dubai – Mubasher: Damac Properties Dubai Company has received a disclosure from Hussain Ali Habib Sajwani stating that the Securities and Commodities Authority (SCA) approved for Maple Invest Co Limited to go on with the potential acquisition.
Acquiring shares in the share capital of Damac by Maple Invest was postponed last June.
Damac noted that an update of the offer document presented on 9 June would be disclosed within 14 days, according to a bourse statement on Thursday.
The updates will not affect the material parameters of the offer, including the offer price which remains at AED 1.30 per share.
