Abu Dhabi-Mubasher: National Corporation for Tourism and Hotels (NCTH) said its board of directors gave go- ahead to the selling of its 10% stake in Pearl Azure Shares.
NCTH will sell its stake in Pearl Azure for AED 70 million.
NCTH pointed out that its investments in Pearl Azure amounts to AED 33 million, noting that it is currently in the middle of preparing a final report regards the final deal value as well as the available liquidity to distribute to shareholders.
