Dubai – Mubasher: du said its board approved on Wednesday, 11 January, to cut the capital, according to a bourse statement.
The capital will be reduced through the cancellation of 38.52 million shares which were allocated to the company’s long-term incentive plan.
As a result, the company’s share capital will decline from 4.57 billion shares to 4.53 billion shares.
The board deferred the amendment to the company’s articles of association until further notice.
