According to Arab Net, Deyaar announced in a statement that the Board of Directors agreed in terms of the settlement proposal, provided that the proposed land contains the necessary infrastructure as well as approvals on the main plan of all relevant authorities.


The company has stipulated that land is assessed by independent external residents being appointed jointly by the parties, contributing to the approval of shareholders through a draft settlement, through a special resolution at the company's General Assembly meeting, according to the Gulf newspaper. >


The company's management council approved the launch of a new project in the Gulf Business area and approves some of the normal things.


Deyaar Development Company, previously announced that the total amount and compensation expected to be paid after the judgment of its righteous appeals court reaches AED 621 million.