Titan acquires 67% stake in Damas jewellery

Titan Company Limited has signed a definitive agreement to acquire a 67% shareholding in Damas LLC from Mannai Corporation for AED 1,038 million enterprise value.

The deal gives Titan access to Damas's 146-store network across GCC countries and AED 1,461 million turnover in FY 2024. The transaction is expected to conclude by January 31, 2026.