DUBAI, United Arab Emirates (AP) — A Dubai real-estate company known for its deals with former President Donald Trump said Thursday it had received regulator approval for an effort to take the firm private. DAMAC Properties still plans to offer $595 million for outstanding shares of the company, the firm said in a filing on Dubai Financial Market stock exchange. It earlier announced plans in June for the offer to take the company private, then withdrew them as regulators examined the plan. The buyout would be through Maple Invest Co. Ltd., a holding company of DAMAC’s billionaire founder Hussain Sajwani. The company’s partnership with the Trump Organization to manage and run the golf course was struck before Trump’s election as U.S. president.
