Maple Invest mulls buying Damac Properties; shares jump over 14% – ZAWYA

Maple Invest mulls buying Damac Properties; shares jump over 14% – ZAWYA

Maple Invest mulls buying Damac Properties; shares jump over 14% | ZAWYA MENA Edition HomeMarketsEquitiesArticleMaple Invest mulls buying Damac Properties; shares jump over 14% Damac Properties' shares jumped more than 14 per cent on Sunday morning after its chairman Hussain Sajwani's Maple Invest Co said that it wa...    DAMAC Awarded 'Property Developer of the Year' in 2019 International Business Magazine Awards. Image used for illustrative purpose. Damac Properties' shares jumped more than 14 per cent on Sunday morning after its chairman Hussain Sajwani's Maple Invest Co said that it was exploring a potential acquisition of the developer.In a statement sent to Dubai Financial Market, Maple Invest Co said that no firm offer has been made to acquire Dubai's largest private developer."We note that, as part of our investment strategy, we continuously explore investment opportunities both regionally and internationally, including current opportunities in the UK, Continental Europe, and the USA, as well as the potential acquisition of 100 per cent of the issued and paid-up share capital of Damac Properties Dubai," the statement said.Damac Properties' shares jumped more than 14 per cent on Sunday morning after its chairman Hussain Sajwani's Maple Invest Co said that it was exploring a potential