Tabarak buys majority stake in Abu Dhabi’s Tasweek Real Estate

Dubai: Tabarak Investment said on Tuesday it has acquired more than 80 per cent stake in Abu Dhabi’s Tasweek Real Estate Development and Marketing.

No financial details of the deal were disclosed in an emailed statement sent to the media.

The acquisition comes as part of Tabarak’s plans to diversify and support its real estate portfolio, which will now include Tasweek’s strategic international real estate investments. “In the near future, Tasweek’s current investment portfolio will witness additional projects that are directly related to Tabarak’s investments,” Ahmad Kilani, Chief Executive Officer at Tabarak said in a statement.