Dubai: Union Properties to restructure debt to recover millions in 'misappropriated' funds
The announcement comes as Emirati prosecutors announced in October they were investigating the firm
Source: khaleejtimes.com
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Developer Says $42M 'Misappropriated'
The troubled company also said it massively overvalued its holdings.
Source: manufacturing.net
Millions lost at Union in Dubai - ARAB TIMES
DUBAI, March 28, (AP): A troubled Dubai real estate developer said Monday it suspected that $42 million had been “misappropriated” by the company’s former officials while saying it massively overvalued its holdings, declaring nearly $800 million in accumulated losses in recent years. The announcemen
Source: arabtimesonline.com
UAE: Can expats buy shares in listed companies?
Most of the blue-chip companies listed on the DFM and the ADX allow expatriates to buy their shares.
Source: khaleejtimes.com
Dubai developer Union Properties slips into Dh966m loss for 2021
Union Properties had seen major changes at the boardroom level last year
Source: gulfnews.com