(MENAFN) Hussein Sajwani of Damac Properties was confirmed to be willing to put in the market up to 15% of his majority stake in the company, attempting to increase the trading in its shares.
During an interview at his seafront property on The Palm, Damac confirmed "the intention is there" to proceed with the sale.
The chief stated "as an owner who built the company with all the effort and hard work, I am not willing to sell it when I see my stock is undervalued." However, he refused to answer how much a fair price amounts to.
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