OREANDA-NEWS. United Development Company has announced that they own (100%) of United Facilities Management Company Shares(O.M.C.). And Amwaj (a subsidiary of Gulf International Services) has showedintention to buy a portion of UDC’s Shares of United Facilities Management and itis now carrying out the necessary studies (Due diligence) and after that, they willdecide on the purchase of the shares or not.

In the event of mutual consent ofthe parties to enter into any agreement relating to the acquisition of the shares,it will be disclosed in due course, accordingly.