Economy Local March 03, 2025

Decline in Hotel Ownership in Abu Dhabi | Ours Abroad News

The percentage of hotel ownership, such as in UAE, has decreased in Abu Dhabi concerning the data from the Dubai and Abu Dhabi markets. The details indicate significant changes in shares.


Decline in Hotel Ownership in Abu Dhabi | Ours Abroad News

Recent data published on the stock exchanges of Dubai and Abu Dhabi showed changes in the largest shareholders of Emirati companies for the fourth week of February. For Emirates International Investment Company, its share in National Corporation for Tourism and Hotels decreased from 9.59% to 9.19%, while the Arab Company for Pharmaceutical Industries and Medical Supplies (Julphar) saw its stake in Gulf Pharmaceutical Industries – Julphar decrease from 8.59% to 8.49%.

It was also noted that the share of Depository Center for Securities - Technical Account in Americana Group decreased in Americana Group Restaurants from 19.87% to 19.85%. At the same time, for Khalid Ali Rashid Nasir Al-Omeiry in Infinity Investment Holding Limited, his stake in Ishraq Investments increased from 5.35% to 5.52%.

These changes were reflected in the latest report published by the informational agency "Arkam".