Arqaam Capital

DAMAC appoints Arqaam Capital as Financial Advisor

Tuesday, June 15, 2021

DAMAC Properties announced in a bourse statement that it has appointed Arqaam Capital as Financial Advisor. The appointment was made as DAMAC evaluates an offer to acquire 100% of the issued and paid up ordinary share capital of Damac received from Maple Invest Co. Limited, an entity owned by Hussain Sajwani. Maple offered AED2.2 billion ($595 million) as a voluntary conditional offer for the issued share capital of Damac not already owned by Maple.

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Arqaam Capital Limited
Level 27, Index Tower
Dubai International Financial Centre
PO Box 506687 Dubai
United Arab Emirates
Tel: +971 (0)4 507 1700