Dubai – Mubasher: Al Ramz Corporation Investment and Development said trading resumed on its shares with the new adjusted price after the recent capital raise, according to a bourse statement.
The last trading date for the shareholders to be entitled for the rights issue was on 18 October, while the ex-right issue and record dates were on 19 and 20 October respectively
Earlier, the company’s board approved to raise the company's capital 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.
