Dubai – Mubasher: Amlak Finance, listed on the Dubai Financial Market (DFM), said that its share price has increased in the past few days.
This clarification was backed by the company’s recent announcement regarding the ruling that has awarded Amlak AED 780 million as well as legal costs and compensation, according to a bourse filing released on Monday.
Amlak also noted that there are no other unrevealed news or factors that might have pushed the share price to rise.
On 1 October, Amlak Finance announced it was awarded an amount of AED 780 million in an arbitration administrated by the Dubai International Arbitration Center (DIAC) since 2013.
Source: Mubasher
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