FINANCIAL NEWS

Dubai’s Deyaar sells 50 percent stake to Turkish firm

16 Jan 2014

(MENAFN) Dubai-based Deyaar Development has signed a joint venture for the sale of 50 percent stake in Turkey, according to Arabian Business.

Deyaar said the stake in Alarko Deyaar Gayrimenkul Gelistirme has been sold to JV partner Alsim Alarko, a subsidiary of Alarko Holding.

Under the agreement, Deyaar aims to expand its business opportunities in Dubai, the company stated.

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