Property News · June 12, 2016

Dubai Parks and Resorts considers name change


Dubai Parks and Resorts, the company which owns three linked theme parks in Dubai that are due to open this autumn, has announced that it is considering changing its name. The company, which is listed on the Dubai Financial Market, said on Sunday it was due to hold a board meeting on Wednesday to discuss the name change. Dubai Parks and Resorts was spun off from Meraas, a private property company owned by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, in 2014. Last month, the company successfully closed a Dh1.68 billion rights issue to help fund the opening of a fourth theme park at its Jebel Ali home.lbarnard@thenational.aeFollow The National’s Business section on Twitter

Source : thenational.ae
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