MANAFA LLC sold its stake in Arabian Explorers, a Dubai based destination Management Company, tothe Azal Group. Making the announcement, H.E. Sheikh Mohammed bin Faisal Al Qassimi, Chairman& CE, MANAFA LLC said in a statement, “The sale of Arabian Explorers reflects our readiness in redirecting our investments into another industry. This facilitates the overall growth of the UAE economy and also the returns of our shareholders”.The transaction closed last week, capping months of positive discussions between the two companies.
MANAFA L.L.C. is both a holding and investment company with a significant presence in the Middle East. With a strong understanding of the local culture and a rapid developing business environment, the company’s operations extend across a wide range of industry sectors such as real estate, hospitality, tourism, trading, energy and resources, private equity, marketing and event management.Aside from tapping opportunities in new and existing industries, MANAFA L.L.C. partners with entrepreneurs who have proven track record, innovative ideas and the ability to demonstrate sustainable growth.
For more information about MANAFA LLC please visit http://www.manafa.com