Dubai, UAE — Dubai Financial Market has delisted shares of Gulf General Investments Company’s shares, effective 23 June 2023, under the rule that empower it to delist any security that has been suspended from trading for a duration of six months.
The shares will remain in each investor’s account with the Dubai Central Securities Depository (Dubai CSD), and the shares will be prohibited from trading.
The DFM also announced the delisting of the shares of Arabtec Holding Company and Marka Company from the market, effective from the end of the trading session on 23 June 2023.
The delisting of two companies is in accordance with the rule that empowers the market to delist the shares of any local company if a decision is taken to dissolve or liquidated the local company, or if it is dissolved or liquidated in any other way.
The shares will remain in each investor’s account with the Dubai-CSD until receiving official letter from the courts that the liquidation process has been completed.
The shareholders can contact the SCA regarding developments in the liquidation of companies and with the Dubai CSD regarding inquiries about registered shares.