Deals
Dubai Investments Plans to Exit 4 Companies on Good Valuations
- Firm is in negotiations over two deals, CEO says in interview
- ICD-backed company may raise stake in Monument Bank to 30%
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Dubai Investments PJSC, which holds stakes in about 30 companies spanning manufacturing, real estate and financial services, plans to exit four of its investments via private sales this year after valuations hit attractive levels.
The firm, which counts the Investment Corporation of Dubai as its biggest shareholder, is in talks over two deals that should be concluded in four-to-six months, Chief Executive Officer Khalid Bin Kalban said in an interview. He declined to name the investments and potential buyers.