DAE announces closing of Joramco acquisition

| DAE Group

DAE

DAE announces closing of Joramco acquisition

Arabic Version

Dubai, U.A.E., 29 September 2016 – Dubai Aerospace Enterprise (DAE) Ltd. announced today that it had closed the acquisition of 80% of Jordan Aircraft Maintenance Limited from The Abraaj Group. The agreement to purchase was previously announced on 20 September 2016.

Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aerospace company headquartered in Dubai. More information can be found on the company’s web site at www.dubaiaerospace.com.

Contact: press.office@dubaiaerospace.com