Last month, the UAE attorney general announced a “major” investigation into alleged financial violations at the company
The company, armed with $1.85bn in capital, has the resources to make purchases both in its home market and around the UAE
Construction will commence immediately, with completion scheduled by end-2022
The company expects more government projects to come its way
The board will continue to evaluate the acquisition of other real estate assets in the UAE
The company said its board will also discuss the acquisition of other investment real estate assets in the UAE
The salary cuts range from 30 per cent to 50 per cent for employees earning above Dhs4,000
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