Article: Dubai Group takes 20% stake in Mazaya Saudi.

Dubai: Dubai Group, the leading diversified financial services company of Dubai Holding, on Sunday announced it has become a founding shareholder in Mazaya Saudi for Commercial Investment Co. LLC (Mazaya Saudi) after subscribing to a 20 per cent stake.

The transaction was completed through its subsidiary Dubai Capital Group, which has invested approximately Dh500 million ($135 million) in the Saudi company's equity.

As a founding shareholder, Dubai Capital Group will play an important role in the development of the company and will be represented on its Board of Directors.

Soud Ba'alawy, executive chairman, Dubai Group, said: "As the leading ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!