Zee Stores LLC (ADX:ZS) acquired an unknown minority stake in Royal Horizon Holding LLC from its shareholders for AED 40 million on January 20, 2021. In a related transaction, Zee Stores LLC (ADX:ZS) completed the capital infusion of AED 40 million. Through both the transactions, Zee Stores has acquired a combined stake of 60% in Royal Horizon. As of December 31, 2020, Royal Horizon reported a total assets of AED 68 million and annual turnover of AED 123 million. Zee Stores LLC (ADX:ZS) completed the acquisition of an unknown minority stake in Royal Horizon Holding LLC from shareholders on January 20, 2021.