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18/11/2015 06:00 AST
Based on the approval of the Securities and Commodities Authority (SCA), the Dubai Financial Market (DFM) said trading of shares of Dubai Development Company will be resumed on November 19.
This step follows the completion of an acquisition process that enabled a group of investors represented by Al Ramz Capital to acquire about 82.4 per cent of the total capital of the Dubai Development Company of Dh10 million divided into 10 million shares.
The acquisition transaction was completed on November 2 at a net price of Dh4.55 per share, excluding any commissions, with an increase of 237 per cent from the book value per share. The deal was implemented through the Clearing Department of DFM (outside the trading floor).
It is noteworthy that the acquisition price of Dh4.55 per share will be applied as the opening price of Dubai Development Company shares and the fluctuation band of 15 per cent up and 10 per cent down will be applied on the share as per DFM rules in effect.
The buyout offer submitted by a group of investors represented by Al Ramz Capital to the shareholders of the Dubai Development Company PJSC ended on October 29.
Gulfnews
21/03/2018
Al Ramz Corp said its general assembly has approved a dividend distribution of 6 per cent of the capital.
The distribution represents more than 50 per cent of the net profits achieved for
Gulf News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 401.50 | -0.10 (-0.03 |
| FAB | 14.34 | -0.12 (-0.83 |
| EMIRATESNBD | 20.80 | 0.05 (0.24 |
| ADCB | 10.72 | -0.86 (-7.43 |
| ADIB | 17.76 | -0.18 (-1.01 |
10/03/2025
Doha Bank introduced a suite of exclusive offers for NRIs on their Visa Platinum Debit Card, delivering exceptional value across travel, lifestyle, dining, and retail. These carefully curated benefit
The Peninsula
10/03/2025
Saudi Awwal Bank has been awarded the Sustainability Program of the Year 2024 at the Capital Markets Forum (CMF), organized by the Saudi Stock Exchange Group (Tadawul).
This achievement make
Saudi Gazette
10/03/2025
Saudi Aramco has lowered its crude oil prices for Asian buyers in April, marking the first reduction in three months. This price cut aligns with market expectations and follows the decision by OPEC+
Arab News
09/03/2025
United Development Company (UDC), the master developer of The Pearl and Gewan Islands, has continued its global track record of accomplishments by securing three new Guinness World Records. This rema
The Peninsula
07/03/2025
Talabat Kuwait has denied rumors of a security breach, assuring customers and partners that all personal and payment information remains fully secure.
In an official statement, Bader Al-Ghan
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia