Sajwani owns 72 percent of Damac, the company he founded in 2002. AFP / GIUSEPPE CACACE
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Hussein Sajwani, the billionaire whose Damac Properties Dubai Co. is developing Donald Trump-branded golf courses in Dubai, would be "more than happy" to sell as much as 15 percent of his majority stake in the company to boost the trading in its shares.Sajwani owns 72 percent of Damac, the company he founded in 2002 and grew to become one of the biggest developers in the Middle East, known for projects designed by Versace and offers of luxury cars such as BMWs, Lamborghinis and Teslas to buyers during Dubai's shopping festival. Damac closed up 0.3 percent at 3.50 dirhams ($0.95) in Dubai trading after climbing as much as 2.3 percent earlier. The shares have risen 33 percent over the last 12 months, giving the company a market value of 21 billion dirhams.Damac has two golf course development deals with Trump's family company.
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