Tabarak Investment (LLC) acquires largest share in Tasweek (PJSC)Truth Consultancy
Tabarak Investment Company announced yesterday that it has acquired more than 80% of the shares of Tasweek Real Estate Development & Marketing that based in Abu Dhabi.
The acquisition comes as part of Tabarak’s plans to diversify and support its real estate portfolio, which now includes strategic international real estate investments for Tasweek, including Morocco’s innovative “Marrakesh Medical City”, “Haven Lakeside Residences”, “Casparina Vacation Villas” in Malaysia.
Ahmed Kilani, Chief Executive Officer of Tabarak said: “We are pleased to launch our investment year with this announcement, which is a milestone in our ambitious investment plan for the year. In addition to the current Tasweek investment portfolio, many projects linked directly to Tabarak’s investments in the region will be added within a short period of time”.
The Tabarak team will continue to look for opportunities in the market, where we can invest effectively and generate high returns. The essence of Tabarak’s investment philosophy lies in investing in UAE projects that support the national economy.