November 28, 2023

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DFM delists shares of three firms

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Shareholders will retain their shares within the Dubai Central Securities Depository till the completion of the liquidation course of, and shall be prohibited from buying and selling.

“On this regard, it’s price noting the choice of the Dubai Courtroom, dated June 16, 2021, concerning accepting the applying to open chapter procedures for ARTC and its subsidiaries, and the Dubai Courts of First Occasion determination, dated October 10, 2021, declaring the chapter of MARKA and liquidating its funds, together with its subsidiaries,” it was stated. “The notification defined that the shares will stay in every investor’s account with the Dubai-CSD till receiving official letter from the courts that the liquidation course of has been accomplished.”

The shareholders can contact the SCA concerning developments within the liquidation of firms and with the Dubai CSD concerning inquiries about registered shares.

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