Dubai – Mubasher: DAMAC Properties does not plan to offer new shares, chief finance officer (CFO) Adil Mohammed Hassan Taqi stated on Thursday.
The real estate developer may opt for selling a part of the majority shareholders' stakes to increase its capital, Taqi added, but did not confirm anything at this point.
The Dubai-based firm's liquidity reached AED 8.5 billion by the end of 2017, the CFO revealed, noting that 95% of the DAMAC’s assets are based in Dubai.
