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Investor Relations
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FinancialNews
10-04-19
Bahrain's Edamah acquires 36.6 percent shares in Car Parks Company
(MENAFN) Bahrain Real Estate Investment Company (Edamah) will own stakes by 36.6 percent in the Bahrain Car Parks Company under a new purchase agreement.
Edamah is acquiring the shares as part of an approach aimed at launching new initiatives, reforming past projects, and controlling them in line with international standards.
CEO Amin Alarrayed stated "this marks a pivotal moment and will contribute to improving the level of services offered in the kingdom. We also look forward to establishing partnerships with entities in the private sector in the future in order to further develop the facilities available to the public."
Alarrayed added "investing in Bahrain Car Parks Company reiterates our commitment to manage a diverse business portfolio while achieving our mission of developing a robust real estate portfolio, which further cements our reputation as one of the leading property developers in the kingdom."
MENAFN1004201900450000ID1098368560
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