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Article: RAK REAL ESTATE LTD - Interim Results & Management Statement.
- Article from:
- PR Newswire UK Disclose
- Article date:
- October 30, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RAK REAL ESTATE LIMITED (the "Company")
INTERIM REPORT
FOR THE PERIOD ENDED 30 JUNE 2009
STATEMENT BY THE BOARD
FOR THE PERIOD ENDED 30 JUNE 2009
On 25 February 2009, the Company agreed to acquire ("the Acquisition") the
beneficial interest in and the economic benefit of the currently the Salmiyah
Commercial Complex and the Khorafi Commercial Complex building projects
("Projects") from Rafco International Real Estate Company K.S.C.C. ("Rafco")
business. Further details of the acquisition are detailed in the Company's
announcement dated 20 March 2009.
Update on the Projects
The ...
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