Abraaj Capital's Property Real Estate fund has bought a 34.5 per cent stake in Emirates International Holdings (EIH). Gulf Resources LLC, Sharjah is the largest shareholder in EIH.
Abraaj now holds the second largest stake in EIH, which has an initial paid up capital of Dh250 million. With a portfolio comprising of luxurious residential and commercial developments , EIH is attracting an impressive line-up of investors.
Headquartered in Dubai, Abraaj Capital concentrates on a 'buy and build' strategy and believes in investing in businesses that will maximise shareholder value through strong operating growth and substantial capital appreciation.