Dubai's Medrar Financial acquired majority stake in Diamond Aircraft
Medrar Financial, a Dubai-based asset management firm, has just announced acquisition of a majority interest of Diamond Aircraft Holdings for an undisclosed amount.
Diamond Aircraft is a manufacturer of modern composite aircrafts and operates production facilities in Canada, Austria and China. It has contracts worth $350 million already secured. Jamil Marmarchi is the CEO of Medrar.
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More details follows