Ras Al Khaimah Cement buys IHC’s Apex Holding for AED3.05bn

ABU DHABI, UAE: Ras Al Khaimah Cement Investment (RAKCIC) has agreed to buy entire shares of International Holding Company (IHC) and Chimera Investments in APEX Holding in a AED 3.05 billion deal. Apex Holding is subsidiary of International Holding Company based in the United Arab Emirates. The company has diversified operating business model with investment…