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DIC sells hotels firm to Almulla GroupDubai-based Almulla Group has acquired Ishraq Dubai, which owns many hotels in the UAE, from Dubai International Capital (DIC), the private equity arm of Dubai Holding. Ishraq Dubai was 51 per cent owned by DIC and 49 per cent by Ishraq Gu More… |
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Almulla Hospitality plans $2bn hotel portfolioA $2 billion plan to develop an Shariah-compliant hotel brand portfolio appealing to lifestyle travellers - both Muslim and non-Muslim - is to be outlined to potential investors. Chairman of Dubai-based Almulla Hospitality Abdulla Mohamed More… |
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Almulla launches Sharia-compliant hotel brandDubai-based hospitality group Almulla, today launched the ‘world’s first Sharia compliant hotel brand’ portfolio under three core brand names of Cliftonwood, Adham and Wings. The group’s strategic plan envisages 30 properties by the end o More… |
