Dubai Parks & Resorts approves name change to DXB Entertainments

Dubai Parks & Resorts, the company building three linked theme parks in Jebel Ali in Dubai, has resolved to change its name to DXB Entertainments. At a general assembly meeting on Thursday, the company officially adopted the resolution for the name change. The Dubai-listed company also voted to appoint Shraven Shroff as an additional board […]

Dubai Parks & Resorts, the company building three linked theme parks in Jebel Ali in Dubai, has resolved to change its name to DXB Entertainments.

At a general assembly meeting on Thursday, the company officially adopted the resolution for the name change.

The Dubai-listed company also voted to appoint Shraven Shroff as an additional board member.

The parks, which are scheduled to open in October of this year, will feature Motiongate Dubai, Bollywood Parks Dubai and Legoland, along with a Legoland Water Park.

Dubai Parks and Resorts was spun off in 2014 from Meraas, a private property company owned by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai.

The company last month closed a Dh1.6 billion rights issue to help fund the opening of a fourth theme park at its Jebel Ali home.

lbarnard@thenational.ae

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Source: Business

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