Singer to take the stage at Coca-Cola Arena on December 14
The board of Dubai's Emaar Properties, which owns the Dubai Mall, will meet on Thursday to discuss the sale of its e-commerce fashion business Namshi, the company said on Monday.
The meeting, disclosed in a statement, will be held a week after Emaar announced a $2 billion cash and stock buyout of a joint venture partner in one of its real estate projects.
Emaar, known for building the world's tallest tower, the Burj Khalifa, and other iconic parts of Dubai, bought Namshi for a total of $281 million after first acquiring a 51% stake in 2017 before buying the remaining 49% in 2019.
Reuters reported in August 2021 the developer was considering options to sell the e-commerce fashion business.
ALSO READ:
Last week, Emaar announced it would buy out Dubai Holding from their joint Dubai Creek Harbour development in a $2 billion deal equally financed by cash and Emaar Properties shares.
Emaar's largest shareholder is the Dubai government, which holds the 24% stake through its sovereign wealth fund.
Singer to take the stage at Coca-Cola Arena on December 14
Rajinikanth's daughter Soundarya visited the Tiruvottiyur Shri Vadivudai Amman Temple in Chennai to offer prayers for the speedy recovery of her father
Recently, both actresses visited Kashmir to shoot for the film
IMF chief said the region remains a bright spot despite numerous shocks over the past few years
The cyber-thriller is available for streaming on Netflix
'Music is a more honest place for me where I feel like I can say things that I wouldn't say,' admits the star
Last month, she was banned from being a charity trustee for five years
The authority also seized ready-to-use marijuana that was being stored with the intention of selling in the country