Acquisitions23 Apr 2026, 02:14 pm
Dreamfolks Completes First Phase of ETT Solutions DMCC Acquisition
AI Summary
Dreamfolks Services Ltd has completed the first phase of acquiring ETT Solutions DMCC, involving a secondary purchase of shares. The share transfer has been registered with Dubai Multi Commodities Centre Authority, bringing Dreamfolks' current shareholding in ETT to 34%. The subsequent phase, involving primary subscription, will proceed as planned, aiming to increase Dreamfolks' overall shareholding in ETT to 60.24%.
Key Highlights
- Dreamfolks completes first phase of ETT Solutions DMCC acquisition.
- Secondary share purchase increases Dreamfolks' stake in ETT to 34%.
- Primary subscription phase will proceed as per agreed timelines.
- Post-subscription, Dreamfolks' shareholding in ETT will reach 60.24%.