Dubai: Al Mal Capital, a subsidiary of Dubai Investments, announced its role as a sole buy-side adviser to Emaar Industries & Investments (EII), a subsidiary of Emaar Properties, in the successful acquisition of a significant stake in UAE-based construction and contracting firm Leaders Fort Contracting (LFC). The value of the transaction was not disclosed.
“Despite market headwinds, this transaction caps a strong year for Al Mal Capital PSC Corporate Advisory’s mergers and acquisitions practice and demonstrates the attractive fundamentals and diversity that UAE’s economy offers to investors,” noted Naser Al Nabulsi, vice-chairman and CEO of Al Mal Capital PSC in a statement.
EII said it will contribute to developing LFC’s business activities and strengthen market share including exploring opportunities for potential partnership on mega-developments in the UAE and expansion to other GCC markets.
