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Rasmala Investment Bank Limited (“Rasmala”), a pioneering alternative investment manager, proudly announces its successful advisory role in facilitating the acquisition of the Cove Rotana Resort in Ras Al Khaimah. This strategic venture, orchestrated by Cove Resort Holdings Limited, is a testament to Rasmala’s unwavering commitment to fostering growth and opportunity in the region’s burgeoning tourism sector.
The Jewel of Ras Al Khaimah: Cove Rotana Resort
Nestled in the picturesque emirate of Ras Al Khaimah, the Cove Rotana Resort epitomizes luxury and sophistication. Constructed by Orascom Development Holding in 2009, this opulent five-star retreat boasts 349 lavish rooms and suites adorned with contemporary furnishings and offering panoramic views of the Arabian Gulf.
Distinguished by its sprawling 600-meter private beach, the Cove Rotana Resort captivates guests with its unrivalled charm and unparalleled amenities. From world-class dining establishments to state-of-the-art recreational facilities, every resort aspect exudes elegance and refinement, ensuring an unforgettable experience for discerning travellers.
Strategic Acquisition in a Thriving Market
Against the backdrop of Ras Al Khaimah’s burgeoning tourism landscape, the acquisition of the Cove Rotana Resort assumes paramount significance. With the emirate emerging as a pivotal player in the UAE’s tourism and investment sectors, fueled by robust economic policies and promising growth projections, this strategic move underscores Cove Resort Holdings Limited’s foresight and acumen and visionary leadership.
Mr. Saqr Kamal Hasan and Cove Resort Holdings Limited
At the helm of Cove Resort Holdings Limited stands Mr Saqr Kamal Hasan, a stalwart figure in the UAE’s business and investment landscape. As the driving force behind this landmark acquisition, Mr. Hasan’s unwavering dedication to excellence and his profound understanding of the hospitality industry position Cove Resort Holdings Limited for unparalleled success.
In a statement reflecting his enthusiasm for the acquisition, Mr Hasan extolled the virtues of the Cove Rotana Resort, hailing it as a symbol of unrivalled luxury and service excellence. Emphasizing the property’s world-class amenities and breathtaking vistas, Mr Hasan underscored Cove Resort Holdings Limited’s steadfast commitment to delivering exceptional hospitality experiences, thus elevating the standard of luxury accommodation in Ras Al Khaimah.
Rasmala’s Strategic Advisory Role
As a trusted advisor and catalyst for growth, Rasmala Investment Bank Limited played a pivotal role in orchestrating this landmark transaction. Leveraging its expertise in originating and structuring direct real estate investments, Rasmala facilitated seamless collaboration between Cove Resort Holdings Limited and Orascom Development Holding, ensuring the smooth execution of the acquisition process.
Commenting on the agreement’s significance, Ali Taqi, Rasmala’s Chief Investment Officer, emphasized its transformative impact on all stakeholders involved. He lauded the collaboration as a significant milestone that heralds a new era of growth and opportunity for the region, reaffirming Rasmala’s commitment to driving value for its clients through strategic investment initiatives.
Conclusion
In conclusion, the acquisition of the Cove Rotana Resort is a testament to the visionary leadership and strategic foresight of all parties involved. As Ras Al Khaimah emerges as a prime destination for global travellers and investors alike, this landmark transaction sets the stage for unprecedented growth and prosperity in the region’s burgeoning tourism sector.
