Emile Eid recently increased his stake in the Volvo dealership from 20 percent to 96 percent, by acquiring the shares of former partners Marwan Naffi and Fadi Daouk. The remaining minority shares have been split between Fadi Daouk and Michel Mimas.
Eid, who also owns shares in Volvo Jordan, first invested in the local automotive industry in December 2015 after acquiring a 20 percent stake in the Volvo dealership from Naji Gabriel Abou Adal.
Naffi said the agency's sales almost d...
Article details
No comments:
Post a Comment