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BRIEF-Taiba Holding acquires stake In Al Aqeeq Real Estate Development and ARAC
September 26, 2017 / 1:55 PM / 22 days ago

BRIEF-Taiba Holding acquires stake In Al Aqeeq Real Estate Development and ARAC

Sept 26 (Reuters) - TAIBA HOLDING CO:

* SIGNS AGREEMENT WITH MINORITY SHAREHOLDERS TO BUY 8.1027 PERCENT STAKE IN AL AQEEQ REAL ESTATE DEVELOPMENT, 12.31 PERCENT STAKE IN ARAB RESORT AREAS

* WILL BUY STAKE AGAINST ISSUING NEW SHARES FOR MINORITY SHAREHOLDERS OF BOTH COS IN TAIBA HOLDING THROUGH CAPITAL INCREASE

* TO ISSUE 0.60 NEW SHARE FOR EVERY AL AQEEQ REAL ESTATE DEVELOPMENT SHARE, 0.50 NEW SHARE FOR EVERY ARAB RESORT AREAS SHARE Source:(bit.ly/2hug27K) Further company coverage:

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