The Dubai Financial Market announced that as of Sunday, the subscription period for the capital increase shares of Gulfa Mineral Water and Converting Industries will start Gulfa Water.

The Stock Exchange said in a statement on its official website today, that the subscription period will continue until Thursday, July 9, 2020.

And the shares of the subscription have been trading in the shares of the increase in the company’s capital, as of June 21 and continuing until July 2 next.

Trading subscription rights allows shareholders who do not wish to use their right to subscribe to sell this right in whole or in part in the market to others who wish to subscribe to the shares of the company's capital increase.

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Subscription rights will be traded exclusively on the market during the previous time period indicated separately from the original stock and with a trading symbol (GULFA-RI20).

It is noteworthy that the opening price for the right of subscription was set at 14.1 dirhams, on the basis of the company's share price in the market after adjusting it, minus the issue price, knowing that rights will be traded Subscription without price limits on the first day only.