Qatari property developer, Ezdan Holding Group has said it has acquired a stake of more than 20% in Qatari Investors Group, Gulf Times has reported. Qatari Investors Group, with about QR4bn in assets, operates through 12 companies and 23 subsidiaries in different sectors such as industry, trade and services. The stake purchase in “is a significant move towards the diversification of investments of Ezdan,” said Ezdan’s deputy chairman, Sheikh Abdullah bin Thani bin Abdullah al-Thani. Ezdan did not disclose details regarding the deal size nor the funding for acquisition.
Wednesday, May 14- 2014 @ 10:31 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.