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Samena Limestone sells entire stake in RAK Ceramics

May 22, 2021
real estate

UAE-based RAK Ceramics has announced that one of its key investors, Samena Limestone Company, has sold its entire shareholding in the company (amounting to over 174 million shares) - to Falcone Investments

One of the largest ceramics brands in the world, RAK Ceramics is a specialist in ceramic and gres porcelain wall and floor tiles, tableware, sanitaryware and faucets.

This stake sale represented 17.55 per cent of the company's share capital, stated RAK Ceramics in its filing to Abu Dhabi Exchange (ADX).

With this deal, Falcone Investments’ shareholding has risen to 20.40 per cent of RAK Ceramics' total share capital.