Dubai – Mubasher: The board of directors of Dubai Parks and Resorts agreed Sunday on raising the company’s capital to provide financing for a planned ‘Six Flags Dubai’ project.
The capital increase is pending the approval of Securities and Commodities Authority (SCA) and the company’s shareholders.
The company did not disclose the amount of the propose capital increase.
At 1:30pm UAE time, Dubai Parks stock fell by 5.11% to AED 1.30, after 36.42 million shares were exchanged at AED 48.41 million to come as top active.
