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04 Oct

DFM activates DSI capital increase by AED 500m


The Dubai Financial Market (DFM) on Tuesday announced the activation of Capital increase of Drake and Scull International.

The DFM announced that the share price of the company will not be adjusted once again after the implementation of the capital increase by 500 million shares, worth AED 500 million.

The new shares were issued for Tabarak Investment, as a sole strategic investor, and not all of the company’s investors.

DSI capital had been reduced by 75% to AED 571 million from AED 2.285 billion, activated on Monday, before issuing the new shares.

Source: Mubasher


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