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Olayan Financing Company acquires 24.5 percent stake in ICD Brookfield Place in the DIFC

PRIVATEMay 15, 2024

Acquiring Company

Olayan Financing Company

Acquired Company

ICD Brookfield Place

DubaiFinancial ServicesFinancial ServicesReal EstateLending

Description

Olayan Financing Company has successfully completed the acquisition of a 24.5 percent stake in ICD Brookfield Place (ICDBP) within the Dubai International Financial Centre (DIFC). This represents a significant milestone in OFC's investment strategy and further strengthens its presence in the real estate sector.

Quick answer

Olayan Financing Company is acquiring ICD Brookfield Place, announced May 15, 2024.

How much did Olayan Financing Company pay for ICD Brookfield Place?
The deal value was not disclosed.
What does Olayan Financing Company do?
Olayan Financing Company (OFC) has acquired a 24.5 percent stake in ICD Brookfield Place (ICDBP), the prestigious lifestyle and business location within the Dubai International Financial Centre (DIFC).
Where are Olayan Financing Company and ICD Brookfield Place based?
ICD Brookfield Place is based in Dubai, Dubai, United Arab Emirates.

Source: Fundz verified event record.

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Company Information

Company

Olayan Financing Company

About

Olayan Financing Company (OFC) has acquired a 24.5 percent stake in ICD Brookfield Place (ICDBP), the prestigious lifestyle and business location within the Dubai International Financial Centre (DIFC). This landmark acquisition, in collaboration with Lunate, an ADQ backed alternative investment manager, represents a significant step in strengthening OFC's investment portfolio in the real estate sector.

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Frequently asked

Who acquired ICD Brookfield Place?

ICD Brookfield Place was acquired by Olayan Financing Company. The deal was reported on May 15, 2024. Olayan Financing Company (OFC) has acquired a 24.5 percent stake in ICD Brookfield Place (ICDBP), the prestigious lifestyle and business location within the Dubai International Financial Centre (DIFC). Olayan Financing Company is privately held and operates in Financial Services.

When did Olayan Financing Company acquire ICD Brookfield Place?

Olayan Financing Company's acquisition of ICD Brookfield Place was reported on May 15, 2024. Olayan Financing Company has successfully completed the acquisition of a 24.5 percent stake in ICD Brookfield Place (ICDBP) within the Dubai International Financial Centre (DIFC). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does ICD Brookfield Place do?

ICD Brookfield Place is a prime mixed-use real estate development located in the heart of the Dubai International Financial Centre. It is privately held, operating in Financial Services, and is based in Dubai.

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