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Monday, 29 August 2016

Qatar raises its stake in Dubai Parks and Resorts | The National

Qatar raises its stake in Dubai Parks and Resorts | The National:

"Qatar Holding has lifted its stake in Dubai Parks and Resorts to 11 per cent after a Dh1.68 billion capital increase to fund the construction of a Six Flags amusement park set to open in the fourth quarter of 2019.

The Qatari sovereign wealth fund had not disclosed the size of its stake before the rights issue and is only doing so now because any stake over 5 per cent must be disclosed to the Dubai Financial Market, according to a Dubai Parks spokeswoman.

No one at Qatar Holding was immediately available to comment."



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