Major Deal on Abu Dhabi Securities Exchange

A major deal was executed on the Abu Dhabi Securities Exchange, involving the sale of 564.6 million shares of Sharakat for Investment. Infinitive Investment Holdings Limited sold its stake to United for Automobiles and Heavy Equipment.

A major deal was executed on Wednesday on the Abu Dhabi Securities Exchange, involving 564.6 million shares of Sharakat for Investment at a price of 0.5 dirhams per share, with a total value of 282.3 million dirhams. The company clarified in a disclosure to the Abu Dhabi Securities Exchange that Infinitive Investment Holdings Limited sold 564.6 million shares, representing 21.02% of Sharakat's capital, to United for Automobiles and Heavy Equipment through a private deal. Sharakat for Investment announced a change in its share ownership structure after Infinitive Investment Holdings Limited, as one of the major shareholders, sold its entire stake in the company.

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