DXB Entertainments, the UAE-based leisure and entertainment company, said it will soon be appointing financial and legal advisors to evaluate the bid offer from UAE-based Meraas Leisure and Entertainment.

 

A majority shareholder of DXBE, Meraas Leisure & Entertainment is a key regional player focusing on developing and operating world-class leisure and entertainment destinations and attractions.

 

DXB Entertainments is the owner and operator of Dubai Parks and Resorts, the region’s leading integrated leisure and entertainment destination.

 

In its filing to Dubai Financial Market, DXB Entertainments said it will be considering a resolution on December 30 for review and approval on the appointment of the advisors for evaluating Meraas’ bid offer.

 

A major player in the region, Meraas has launched several projects in multiple sectors including real estate, retail, hospitality, food and beverage, leisure and entertainment and healthcare. These include City Walk, Bluewaters Island, Jumeira Bay, Pearl Jumeira, La Mer, and Dubai Harbour.-TradeArabia News Service