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DUBAI (Union)
GFH completed to reduce the nominal value of the shares of the investment bank procedures, and by obtaining official approvals from the Bahraini authorities.
He noted the bank in disclosure on the website of the Dubai Financial Market yesterday, the General Assembly's decision to reduce the nominal value of US $ 0.3075 to US $ 0265, and, accordingly, have been reduced paid-up capital of the bank from 972.2 million dollars to 900.8 million dollars, resulting in a reduction of the value of the accumulated losses to 143.3 million dollars. The company said the reduction of the nominal value will not affect the number of shares owned to the shareholders.
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DUBAI (Union)
GFH completed to reduce the nominal value of the shares of the investment bank procedures, and by obtaining official approvals from the Bahraini authorities.
He noted the bank in disclosure on the website of the Dubai Financial Market yesterday, the General Assembly's decision to reduce the nominal value of US $ 0.3075 to US $ 0265, and, accordingly, have been reduced paid-up capital of the bank from 972.2 million dollars to 900.8 million dollars, resulting in a reduction of the value of the accumulated losses to 143.3 million dollars. The company said the reduction of the nominal value will not affect the number of shares owned to the shareholders.
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