Dubai’s DAMAC approved to take company private Sep 24, 2021 0 0 12345 AgenciesA Dubai real-estate company known for its deals with former President Donald Trump said Thursday it had received regulator approval for an effort to take the firm private.DAMAC Properties still plans to offer $595 million for outstanding shares of the company, the firm said in a filing on Dubai Financial Market stock exchange.It said it would offer an update on the plan in the coming weeks. It earlier announced plans in June for the offer to take the company private, then withdrew them as regulators examined the plan.The buyout would be through Maple Invest Co. Ltd., a holding company of DAMAC’s billionaire founder Hussain Sajwani. Sajwani owns nearly four-fifths of the company through various investment firms.DAMAC stock traded up Thursday over 3% on the news. The firm has a market capitalization of over $2 billion.DAMAC is known in Dubai for a development that features a Trump-branded golf club surrounded by villas and apartments, making it the only one of its kind in the Middle East that bears the Trump logo.The company’s partnership with the Trump Organization to manage and run the golf course was struck before Trump’s election as U.S. president. Pages 123 RELATED ARTICLES ADB lowers outlook for Asian economies amidst pandemic Sep 24, 2021 0 0 Huawei’s Eric Xu reaffirms continuous innovation for faster digitalization across world Sep 24, 2021 0 0 Philanthropies pledge billions of dollars during United Nations meeting Sep 24, 2021 0 0 Boeing to build military drones in Australian city Agencies Chicago-based aerospace giant Boeing has announced plans to build a new type of drone military aircraft in Australia. Boeing said Wednesday it has selected Toowoomba city in Queensland state as the final ..