The authority said in an official statement, that this company will be moved to the screen of the second category in the local capital markets, to be traded separately from the main market, starting today to allow The opportunity for investors to decide on their investments in troubled companies while taking adequate guarantees to protect them.
The Authority stated that the shares are: Investment Bank, Amlak Finance, Emirates Refreshments, UniKai Food, Marka, DXB Entertainment, Al Khazna Insurance, Gulf General Investments, Drake & Scull, Al-Firdaws Holding, Ithmaar Holding, Al-Madina for Finance & Investment, International Financial Advisors, Ann Digital Services.
She explained that the list will be subject to procedures for dealing with troubled public listed companies, as it will be transferred from the troubled listed companies from the first category to the second category and will be included in a new screen known On the second category screen
She stressed that the purchase order should not be entered without obtaining the approval and that it should be kept with the archive of orders in the system of brokerage firms so that it can be referred to for the purposes of investigation or inspection.
The authority added that local markets have begun to take practical measures to implement the decision in the framework of its efforts to protect investors, establish the foundations for a sound and fair dealing and provide the appropriate climate for investment in securities, and in a step expected It will reflect positively on investor confidence in the financial markets
A follow-up list of companies whose transfer of shares has been transferred from the first category to the second category due to the suspension of its listing for a period of six months or more or that the company has achieved accumulated losses is planned. 50% or more of its capital, based on the company's latest annual audited financial statements, for the purposes of monitoring the performance of those companies.
