(MENAFN) Dubai Development Co, the company responsible for the Mirdif area of the emirate, announced it is considering several external offers of merger or acquisition, Arabian Business reported.
The company, which is partly owned by Dubai Government, the Al Mulla Group, and the Al Owais family among other shareholders, said it has completed all its real estate projects and no further projects are currently under consideration.
"The company believes merger or acquisition would be the preferred option and would help keep the company a going concern. The board has already identified several interested parties who recognize the potential investment value of the name and the goodwill of Dubai Development CO," the company said in the statement.
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