Falcone Investments LLC acquired additional 17.55% stake in R.A.K. Ceramics P.J.S.C. (ADX:RAKCEC) from Samena Limestone Company for approximately AED 380 million on May 19, 2021. As per terms of transaction, Falcone Investments LLC will hold 20.4% stake in R.A.K. Ceramics P.J.S.C.

Falcone Investments LLC completed the acquisition of additional 17.55% stake in R.A.K. Ceramics P.J.S.C. (ADX:RAKCEC) from Samena Limestone Company on May 19, 2021. As per update, Samena Limestone Company sold 199.7 million shares at AED 1.90 per share.