Faisal A Al Mutawa -Chairman and Managing Director- of Bayan Investment Co “the capital increase manager of Dar Al-Dhabi Holding Co”, stated that Bayan Investment Co succeeded in managing and marketing the private placement for the capital increase of Dar Al-Dhabi Holding Co from one million Kuwaiti Dinar to hundred million Kuwaiti Dinar, despite the difficulties in this timing, in the praise of Allah and for the great investor confidence in Bayan Investment Co and its management, the private placement was successfully covered exceeding all the expectations.
It worth mention that Dar Al Dhabi Real Estate Co, which Dar Al-Dhabi Holding Co is investing in, when offered the percentage 12% of its products in Cityscape exhibition in Abu Dhabi during the period 13-15 / 5 / 2008, have sold out the full offered amount with prices rate exceeded 40% of the study conservative in the PPM.
