Friday 11 July 2014
 
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Emirates International Investment

Citadel executes $55m partial exit of ASEC

Citadel Capital said it has partially exited ASEC Holding as well as United Foundries by selling off its six per cent stake in each of the companies to the Emirates International Investment Company (EIIC) in a $55 million deal. A

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UAE firm plans $5bn Algiers park

Abu Dhabi-based Emirates International Investment Co plans to develop a residential and park project in Algiers at a cost of $5 billion, a report said. Dounya Parc will cover 6.6 million sq m, with 25 percent of the land set aside for resi

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ADIB boss Marar quits after shakeup

Abu Dhabi Islamic Bank said on Sunday Ahmed Darwish Al-Marar had resigned as managing director after the lender named his successor. The bank said last week that Khamis Buharoon, a former chief executive of Commercial Bank International, w

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