Dubai Investments has clarified that several potential growth initiatives discussed by Vice Chairman and CEO Khalid Bin Kalban during a CNBC Arabia interview remain under evaluation and have not yet been finalized.
The opportunities under consideration include potential initial public offerings for Glass LLC, EMICOOL and Globalpharma, as the Group evaluates ways to create value from businesses within its portfolio.
Dubai Investments is also assessing a potential partnership opportunity in Angola, alongside the possibility of replicating its Dubai Investments Park (DIP) model through a project in Syria and other emirates across the UAE.
The company said these initiatives form part of its ongoing strategic evaluation of growth and value creation opportunities. The potential transactions and expansion plans remain at various stages of assessment and discussion, with no final decisions announced.
Dubai Investments added that it will continue to comply with applicable disclosure requirements and keep the market informed of any material developments in accordance with Dubai Financial Market rules and regulations.
Source: Dubai Investments
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