Enshaa PSC ("Enshaa"), a real estate development company based in the United Arab Emirates, has expanded its investor group following a successful private placement. Major shareholders include Emirates Investments Group, Majid Al Futtaim Group, and Abraaj Capital, says a press release issued on Monday.
Enshaa, chaired by Sheikh Tariq Bin Faisal Al Qassimi, has consolidated a number of companies and projects under its umbrella. Enshaa is constructing sister projects Emirates Financial Towers currently under development in the Dubai International Financial Center, and Karachi Financial Towers in Pakistan.
Enshaa is developing the Palazzo Versace resort and neighbouring Dl residential tower in Dubai Culture Village through its joint venture business Emirates Sunland Group and has previously acquired a 50 per cent interest in the Palazzo Versace resort on the Gold Coast, Australia.
"We are pleased to receive the Ministry's approval, which reflects its trust and confidence in Enshaa, and the value that we can add to the economy," said Sheikh Tariq after receiving news of the Ministry's approval of the capital increase.-PR
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