Al Buhaira National Insurance Company announced the sale of one of its real estate investments for AED 31 million, as part of a transaction aimed at strengthening the company’s cash flow and financial position.
According to the disclosure, the transaction represents 12.4% of the company’s total capital and is scheduled to be completed on 8 July 2026.
Key highlights:
• Sold one real estate investment for AED 31 million
• Transaction represents 12.4% of the company’s total capital
• Sale intended to support cash flow and strengthen the financial position
• Buyer is not a related party
• Transaction execution and expected closing date: 8 July 2026
• Financial impact expected to be recognised during Q3 2026
According to the company, the proceeds from the sale will be used to support cash flow, with the funds planned to be placed in fixed deposits.
The company also confirmed that the transaction was executed on normal commercial terms in accordance with the agreement registered with the Sharjah Land Department, and that the buyer is not a related party.
Source: Abu Dhabi Securities Exchange (ADX) Disclosure / Al Buhaira National Insurance Company
Disclaimer: This post is for informational purposes only and should not be considered investment or financial advice.