Who owns Damac in Dubai?
Dubai is known for its luxurious real estate developments, and one of the prominent players in this sector is Damac Properties. But who owns Damac in Dubai? Let’s take a closer look at the ownership of this renowned company.
The Founder of Damac
Damac Properties was founded by Hussain Sajwani in 2002. Hussain Sajwani is a prominent Emirati businessman and entrepreneur. He started his career in the food service industry and later ventured into the real estate market.
With his astute business acumen and vision, Hussain Sajwani led Damac Properties to great success, establishing it as one of the leading real estate developers not only in Dubai but also in the Middle East.
Hussain Sajwani’s Ownership Stake
Hussain Sajwani is the majority owner of Damac Properties and holds a significant stake in the company. His ownership stake gives him a controlling interest in the company’s operations and decision-making processes.
While Hussain Sajwani is the primary owner of Damac Properties, there are other shareholders as well. These shareholders may include institutional investors, private equity firms, and other individuals who have invested in the company.
Publicly Traded Company
Damac Properties is a publicly traded company on the Dubai Financial Market (DFM). It means that shares of the company are available for public trading, and anyone can buy or sell them on the stock exchange.
Being a publicly traded company provides transparency in terms of ownership and financial reporting. It also allows for the possibility of investment by individuals and institutions interested in the real estate sector.
Damac Properties in Dubai is primarily owned by Hussain Sajwani, who founded the company in 2002. He holds a significant ownership stake and is involved in the company’s strategic decisions. Damac Properties is a publicly traded company, providing opportunities for investment and offering transparency in its ownership structure.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial or investment advice.