Dubai – Mubasher: The board of Gulf General Investment Co (GGICO) on Thursday issued a board resolution by circulation to appoint Majid Abdulla Juma Al-Sari as a board member and the company’s deputy chairman.
This appointment will be submitted to the general assembly to be approved and ratified, the firm noted in a filing to the Dubai Financial Market (DFM).
GGICO had previously posted on Sunday that it completed restructuring debts of AED 2.1 billion, equivalent to $584 million, after obtaining approval from the majority of its bank creditors.
