Abu Dhabi – Mubasher: Manazel Real Estate on Tuesday denied rumours that an individual or institution has purchased a controlling stake in the company.
The company also denied plans to hold a press conference in the UAE or abroad, it said in a filing to the Abu Dhabi Securities Exchange (ADX).
Rumours regarding the company keep popping up from time to time. Last September, Hasan Ismaik, chairman of Jordan’s Masaken Capital told Radio Mubasher that his company had no intention to purchase UAE’s Manazel Real Estate or any other company, rebuttling rumours about acquisitions at the time.
Manazel’s stock grew 1.7% to AED 0.57 by the end of Monday’s trades, after 16 million shares were traded at a turnover of AED 93.2 million.
