Eshraq Properties to divest its stake in Ward Holdings

Abu Dhabi

Eshraq Properties said that it has entered into an agreement divesting its equity representing 4.55 per cent of the total capital in Ward Holdings Limited, a company existing under the laws of DIFC (Dubai International Financial Centre) and whose main object is owning a hotel in DIFC for a total price of Dh68 million. Further details were not given.

Listed on Abu Dhabi Stock Exchange, Eshraq Properties has a capital of Dh2.325 billion and an extensive portfolio of residential, commercial and other real estate developments. Jassim Al Seddiqi is the chairman of the company.