Dubai - Mubasher: Al Ramz Corporation Investment and Development called upon the shareholders to subscribe in the capital increase issuance, which will take place early November, according to the company’s statement.
Earlier, the company’s board approved the capital hike from AED 10 million to AED 549.91 million, divided into an in-kind contribution of AED 445 million and a cash tranche of AED 94.92 million.
The subscription in the cash tranche will end on 14 November, the company said on Tuesday.
