The corporate logo of DAMAC, written in English and Arabic, is seen in Dubai, United Arab Emirates, December 31, 2018. Picture taken December 31, 2018. REUTERS/ Hamad I Mohammed/Fileshas postponed efforts to take the firm private after the securities regulator of the United Arab Emirates launched a review of the transaction, the company said on Tuesday.
Sajwani made a $595-million offer this month to buy out minority shareholders in DAMAC Properties, which he has run for nearly two decades.The offer came amid years of downturn in Dubai's property market, exacerbated by the economic hit from the COVID-19 pandemic.
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