Gulfa Mineral Water's OGM nods to raise issued capital

The company will increase issued capital by issuing 10mln shares

  

Dubai – Mubasher: The ordinary general meeting (OGM) of Gulfa Mineral Water and Processing Industries Company has approved to raise the issued capital to AED 40 million from AED 30 million.

The company will increase issued capital by issuing 10 million shares valued at AED 1 per share, according to the company's disclosure to the Dubai Financial Market (DFM) on Sunday.

During the meeting, the shareholders also agreed on increasing the authorised capital from AED 40 million to AED 80 million

It is noteworthy to mention that in 2019, the company's losses decreased by 294.4% to AED 4.19 million, compared to AED 16.55 million in 2018.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities