RAK Ceramics gains on SCA approval for RAK ruler stake sale
28/05/2014 6:42 pm EDT

share with your network:

On Wednesday, May 28, the Abu Dhabi equity market index ADXGI dived 2.37 per cent lower to close at 4,977.67 points. Asmal lost the most, finishing off by 10 per cent (limit down) to AED5.40. Ras Al Khaima (RAK) Ceramic gained 0.27 per cent to reach AED3.70. Earlier in the day, the world’s biggest producer of ceramic tiles in relation to output revealed that the Emirates Securities Authority gave the green light for the sale of the emirate’s ruler’s 30 per cent stake in RAK Ceramics to Samena Limestone for $700 million. The deal was announced earlier this year in April.

Gérard Al-Fil

About the Author

share with your network:

Share your view

© 1996-2015 Media quest FZ LLC A media and entertainment company
Middle East Main Office
[email protected]
© 2015 Dubai Business | Ameinfo . All rights Reserved.