Dubai Holding and the Investment Corporation of Dubai (ICD) have announced that Dubai Holding has acquired a 22.27 per cent equity stake in Emaar Properties from ICD, increasing its total shareholding to 29.73 per cent and making it the company’s largest shareholder.
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB) Group, has extended $20 million medium-term Islamic finance facility to Applied Plastic Industries Company (API), a leading manufacturer of non-woven fabrics in Jordan.
