Deyaar mulling reducing capital

February 12, 2014 9:49 am

Dubai’s second-largest publicly traded property, Deyaar Development has said it is considering reducing its capital, Bloomberg has reported. The board of Deyaar, which is controlled by Dubai Islamic Bank (DIB), will meet on tomorrow to discuss restructuring capital, the company said, without providing further details. The company will also consider allowing non-Gulf nationals to buy its shares.