Capital Increase

Ras Al Khaimah Government Expands Ownership in Leading Real Estate Firm

Ras Al Khaimah Government Expands Ownership in Leading Real Estate Firm

In a recent development unveiled on Tuesday, the Ras Al Khaimah government has significantly increased its stake in RAK Properties, raising it from a modest 5% to a substantial 34%. Read this also : Unlocking Freedom: 4 Criteria for Applying for the UAE Green Visa as a Skilled Worker This strategic decision was ratified during the company's annual general meeting held on March 20. The shareholders...

Ras Al Khaimah Government Boosts Stake in Emirate’s Leading Realtor

Ras Al Khaimah Government Boosts Stake in Emirate’s Leading Realtor

In a significant development, the Ras Al Khaimah government has elevated its ownership of RAK Properties from 5% to 34%, marking a strategic move to bolster the emirate's top real estate player. During the company’s annual general meeting on March 20, shareholders approved a substantial capital increase through the issuance of 920 million new shares, each with a nominal value...

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