{"id":5187,"date":"2023-12-18T08:45:25","date_gmt":"2023-12-18T08:45:25","guid":{"rendered":"https:\/\/thegulfpress.com\/adcb-sells-80-stake-in-abu-dhabi-commercial-properties\/"},"modified":"2023-12-18T08:45:25","modified_gmt":"2023-12-18T08:45:25","slug":"adcb-sells-80-stake-in-abu-dhabi-commercial-properties","status":"publish","type":"post","link":"https:\/\/thegulfpress.com\/en\/adcb-sells-80-stake-in-abu-dhabi-commercial-properties\/","title":{"rendered":"ADCB sells 80% stake in Abu Dhabi Commercial Properties"},"content":{"rendered":"


\n<\/p>\n

\n <\/p>\n
\n
\"ADCB<\/a>
Rep.Image<\/figcaption><\/figure>\n<\/div>\n

<\/p>\n

Abu Dhabi Commercial Bank (ADCB) has signed an agreement to divest an 80 percent stake in its wholly-owned property management subsidiary Abu Dhabi Commercial Properties (ADCP) to Nine Yards Plus Holding (Nine Yards Plus), a real estate subsidiary of Ethmar International Holding (EIH).<\/strong><\/p>\n

The transaction values Abu Dhabi Commercial Properties at $161 million and the Bank will register a gain of approximately $133 million subject to closing conditions before the end of December 2023. The sale of the majority stake, while unlocking significant value for…<\/p>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rep.Image Abu Dhabi Commercial Bank (ADCB) has signed an agreement to divest an 80 percent stake in its wholly-owned property management subsidiary Abu Dhabi Commercial Properties (ADCP) to Nine Yards…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5187","post","type-post","status-publish","format-standard","hentry","category-business-en"],"_links":{"self":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/posts\/5187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/comments?post=5187"}],"version-history":[{"count":0,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/posts\/5187\/revisions"}],"wp:attachment":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/media?parent=5187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/categories?post=5187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/tags?post=5187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}