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Damas founders owe firm $167 millionDubai-based jeweller Damas International said it agreed with its founders, the Abdullah brothers, that they owe the company a total of 614 million dirhams ($167.2 million) in cash and gold. The amount includes 256 millio More… |
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Amwal resolves lawsuit amicablyAmwal AlKhaleej, a leading regional private equity firm, has reached an out-of-court settlement in respect of its lawsuit against Damas Investments and the Abdullah Brothers. The parties are currently in the process of effecting the terms More… |
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Damas names founding brothers as advisorsJeweller Damas International said it has appointed its founders, the Abdullah brothers, as senior advisors to the company, months after they left the firm for making unauthorized transactions. Damas also said that George Rabahie, head More… |
