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Dubai – Mubasher: Amlak Finance has sold 1.127 million of its shares at a price of AED 0.3355 per share.
The sale process was executed through ENBD Securities, according to the company's disclosure to the Dubai Financial Market (DFM) on Monday.
The number of shares remaining for the sale as per the approval of the Securities and Commodities Authority (SCA) is 19.67 million shares.
It is noteworthy to mention that in the first half of 2020, the company has recorded net losses of AED 78 million, against net profits of AED 4 million in the same half of 2019.
Source: Mubasher
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