Day: April 15, 2019

DLD Receives Russian Delegation Of 50 Real Estate Professionals

Dubai Land Department (DLD) received a Russian delegation of 50 specialists from Russian real estate developers and financial institutions from Moscow, as part of their participation in the ‘Annual Investment Meeting 2019’ that took place 8 – 10 April 2019 under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and

Saudi Aramco to acquire stake in South Korean Hyundai Oilbank

The Saudi Arabian Oil Company (Saudi Aramco) and Hyundai Heavy Industries Holdings today announced that they have reached an agreement for Saudi Aramco’s subsidiary,  Aramco Overseas Company B.V (AOC), to purchase a 17% stake in South Korea’s Hyundai Oilbank, a subsidiary of Hyundai Heavy Industries Holdings. The investment is valued at approximately $ 1.25 billion.

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