| From Gulf-daily-news.com: Dubai Group, the diversified financial services company of Dubai Holding, has acquired 51 per cent of Acacia Real Estate Limited (Acacia), a real estate investment company of which Bahrain's TAIB Bank is the principal founding shareholder, through a capital increase.
Dubai Group made the $76.9 million equity injection through its subsidiary, Dubai Ventures Group, to become the largest shareholder of Acacia. Dubai Ventures Group holds four seats on the company's board of directors. The investment will provide the group access to real estate deals and knowledge in structuring real estate financial products aimed at retail and institutional investors, as well as a network of partners across developed markets..... Full Article: Source
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