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Article: Gulf Investment House announces offering private subscription for Madai'n Real Estate Company
- Article from:
- Al Bawaba
- Article date:
- December 7, 2005
CopyrightCopyright 2005 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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Gulf Investment House and The Ahmed Ramadhan Juma group of
companies announced on Tuesday, December 6, 2005 with the
contribution of Gulf investors the offering of AED500 million (US$136
million) worth of private subscription for the Madai'n Real Estate
Company in the UAE.
In a press statement, Waleed A. Al-Rowaih, Vice Chairman and
Managing Director of Gulf Investment House, said: "The newly
established company (Mada'in) will work in various fields including
investment, trading, development and real estate management in
addition to real estate auctions and consultative services".
"The establishment of Mada'in comes as part of Gulf Investment
House geographical expansion strategy and the ...