Doha-Mubasher: Salam Studio and Stores, a subsidiary of Salam International Investment (SIIS), sold its 43% stake in Saj Emirates Trading, according to a statement.
The company achieved its aims from the transaction, which is expected to be fully completed within a month, as it achieved strong returns.
The statement added that SIIS will make use of such returns to seize new investment opportunities.
SIIS's subsidiary generated revenues worth of AED 62 million from the sale transaction which will be reflected on the Q4 financials, according to a previous bourse filing.
