Mubasher: Dar Al Thuraya Real Estate Company on Thursday announced that Al Madar Finance and Investment Company has expressed interest to buy an additional stake of 3.17% in its capital.
The proposed stake amounts to 4.55 million shares, according to a stock exchange statement on Thursday.
The trading limit shall range between 2% and 3%, while the allowed trading period started as of today until 30 June 2020.
It is worth noting that Al Madar holds a majority stake of 85.6% in Al Thuraya, while Investment Dar Bank owns 5.1%.
