The Dubai Financial Market (DFM) announces that trading of Drake & Scull International will resume on Wednesday, May 29, 2024. The reference price for the shares will be set at 0.25 dirhams. On the first day of trading, the share price will be floated, with price limits being applied starting from the second day. The company will be under the second category with a red flag indicating the accumulated losses.
In line with the Securities and Commodities Authority’s (SCA) decision No. (13/Chairman) of 2020 Concerning Procedures of Dealing with Risk Classified joint stock companies - to trade in listed companies that fall under the ‘Second Category’ shares in DFM and ADX, please refer to the below information before placing any orders:
Regards,
Emirates NBD Securities
