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Print Print edition: 2018-01-18

UAE Damac real estate mogul says ready to sell 15 percent stake

Published January 18, 2018 Updated January 18, 2018 12:00am
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Hussein Sajwani, the Dubai billionaire with links to US President Donald Trump, said Wednesday he was ready to sell 15 percent of his stake at real estate giant Damac Properties. Established by Sajwani in 2002, Damac has become one of the leading real estate players in the Middle East and is known for its luxury developments.
The firm built the Trump International Golf Club, which was inaugurated in Dubai in February 2017 - a month after Trump became president. Sajwani, who owns 72 percent of Damac, is estimated to have a fortune of up to $5.2 billion dollars (4.25 billion euros).

Copyright Agence France-Presse, 2018

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