Emirati Real Estate Market

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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