DP World today announces that it has acquired World Security FZE for total consideration of $ 25.5 million, the company said in its press release. World Security FZE provides security services and solutions to various corporates in Dubai including ports and free zones. World Security FZE is a wholly owned subsidiary of Istithmar World Ventures LLC, which is part of the Dubai World Group which in turn is 100% owned by the Government of Dubai. Dubai World is the majority shareholder and a related party of DP World under the UK Listing Rules.
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