Deyaar: 56% rise in capital

Real estate company, Deyaar, has announced a 56% increase in its capital base to US $424 million (AED 1.56 billion) from $272 million (AED 1 billion).

Real estate company, Deyaar, has announced a 56% increase in its capital base to US $424 million (AED 1.56 billion) from $272 million (AED 1 billion).

The increase in capital is the first in the series of initiatives being taken up by Deyaar to reinforce its portfolio of real estate investments in 2007. Deyaar, last week, reported a phenomenal growth of 192% in net profits for 2006 besides also announcing a strategic foray into Saudi Arabia, India, Kazakhstan and Turkey.

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