The shares of Al-Khaleejia General Investment Company (JJICO) listed on the Dubai Financial Market fell to a maximum level in trading yesterday, Sunday, due to a disclosure of an issue announced by the end of last week.
Jijkos shares tumbled 9.85%, in trading on Sunday to the level of 0.119 dirhams.
Jigco announced at the end of last week new developments in the case filed by the Mayadeen Investment Company, where it said the executive seizure of the funds registered in the name of the company and within the limits of 113.7 million dirhams, and transferring what is seized to the court treasury.
She added in an official statement: The lawsuit filed by Mayadeen has resulted in an implementation amounting to 113.7 million dirhams, and on the other hand, the cases are all still circulating before the competent departments of Dubai courts and they have not been decided to date.
