Dubai – Mubasher: Telecom operator du said its board recommended on Wednesday, 14 December, to reduce the share capital, according to a bourse statement.
The capital reduction is subject to the approval of the company’s shareholders and the Securities and Commodities Authority (SCA).
An ordinary general meeting (OGM) will be held to discuss the capital decrease, but the company did not mention the date.
du's capital amounts to AED 4.57 billion, distributed on 4.57 billion shares at AED 1 par value.
