Alsim Alarko Sanayi Tesisleri Ve Ticaret A S signed a share sale and purchase agreement to acquire the remaining 50% stake in Alarko Deyaar Gayrimenkul Gelistirme A.s. from Deyaar Development PJSC (DFM:DEYAAR) for approximately AED 140 million on October 3, 2013. The disposal was approved by the management and Board of Directors of Deyaar Development PJSC. The proceeds will be reinvested in Deyaar Development's Dubai projects pipeline.

Alsim Alarko Sanayi Tesisleri Ve Ticaret A S completed the acquisition of the remaining 50% stake in Alarko Deyaar Gayrimenkul Gelistirme A.s. from Deyaar Development PJSC (DFM:DEYAAR) on December 31, 2013.