Maharah to own 96% of Dubai’s TPH on restructuring of holdings

27/04/2022 Argaam

Logo of Maharah Human Resources Co.

Maharah Human Resources Co. said shareholders in Dubai’s TPH reached an agreement to restructure equity holdings, with Maharah owning a direct stake of 96% in TPH instead of an indirect interest of 59.5%.   

 

The shareholders’ resolution was notarized at Dubai Notary Public on April 26, Maharah said in a statement to Tadawul.   

 

TPH is in process to amend licenses and documents to reflect the abovementioned change. 

 

Further announcement about material developments will be made in due course, the statement noted.  

 

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