Salam International Seeks Stake in Jordanian Real Estate Company

Doha, November 16 (QNA) - Salam International is conducting the preliminary negotiations for the acquisition of a strategic stake in one of Jordan's major real estate companies, the company said in a statement published today at Qatar Exchange website. Following the Ordinary General Meeting, Salam International board of directors decided to assign specialized experts to conduct a financial, legal and technical audit of the company and approve the necessary budget, added the statement. The meeting also discussed the verdict issued by the Court of Appeal upholding the Court of First Instance's judgment concerning the merger of a number of companies into Salam international in 2002 and 2005. Established in 1998 and listed on Qatar Exchange in 2000, Salam International has operations in diverse business sectors: technology and communications, construction and development, luxury and consumer products, energy and industry, and investments and real estate. (QNA)