The UAE company “Drake & Scull” obtained the approval of the Dubai Financial Market to return its shares to trading, and the approval of the Securities and Commodities Authority to increase the company’s capital.
Engineer Shafiq Abdel Hamid, Chairman of the Board of Directors of Drake & Scull International, said in a statement issued today that the Dubai Financial Market agreed to return the company’s shares to trading after successfully completing an increase in its capital by no less than 300 million dirhams according to the restructuring plan that was approved. The competent court must.
He said that the Securities and Commodities Authority also approved the agenda of the General Assembly, which includes increasing the company’s capital and returning its shares to trading on the Dubai Financial Market, in an important step in conjunction with the Securities and Commodities Authority’s approval of inviting the company’s General Assembly to convene on March 27, 2024.
He added: “We are pleased with the great progress we have made at this stage towards a stronger and greater return to Drake & Scull. This is progress that would not have been achieved without the great efforts of those in charge of the Securities and Commodities Authority, the Dubai Financial Market, and all relevant government agencies in the UAE and members of the Board of Directors.” Management and the company’s work team in all its departments.
He called on shareholders to participate in this achievement by attending the General Assembly meeting and voting in favor of the strategic decisions regarding increasing the company’s pivotal capital, to return the company’s shares to trading on the Dubai Financial Market, and to develop a work plan and future outlook for the company’s management and other major items included in the General Assembly invitation. To convene.
2024-03-07 08:04:51
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