Dubai – Mubasher: Dar Al Takaful’s ordinary general meeting agreed to raise the company’s capital by 50%, according to a bourse filing.
The top-up will be carried out through a one-for-two rights issue, said the company that operates with AED 100 million distributed over 100 million shares at AED1 each.
In May 2014, the extraordinary general meeting gave the green light to increasing its capital from AED 100 million to AED 150 million through a one-for-two rights issue.
