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United Real Estate Co. – Jordan completes buying Abdali Mall Co. shares

Dec 16,2018 - Last updated at Dec 16,2018

United Real Estate Company (URC) – Jordan, a subsidiary of United Real Estate Company (URC) – Kuwait, announced completing the process of buying Abdali Mall Company shares in Jordan, in addition to finalising the procedures of ownership transfer and all related obligations with the official authorities, whereby Abdali Mall Company is now100 per cent owned by United Real Estate Company – Jordan.

This deal came as part of an asset exchange between URC - Jordan and Abdali for Investment & Development Company, whereby URC has given up 40 per cent of its stake in Abdali Boulevard Company, in return for the full acquisition of Abdali Mall Company. 

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