Abu Dhabi
Eshraq Properties said that it has entered into an agreement divesting its equity representing 4.55 per cent of the total capital in Ward Holdings Limited, a company existing under the laws of DIFC (Dubai International Financial Centre) and whose main object is owning a hotel in DIFC for a total price of Dh68 million. Further details were not given.
Listed on Abu Dhabi Stock Exchange, Eshraq Properties has a capital of Dh2.325 billion and an extensive portfolio of residential, commercial and other real estate developments. Jassim Al Seddiqi is the chairman of the company.
