Abu Dhabi-based Aabar Investments will meet on June 24 to discuss a date for an extraordinary general meeting as it considers converting to a private joint stock company and delisting from the bourse.
International Petroleum Investment Co (Ipic), wholly-owned by the government of Abu Dhabi, is the majority shareholder in Abu Dhabi-listed Aabar, which has stakes in Daimler and Virgin Galactic.
The statement on the bourse website said Aabar's board of directors will meet on June 24 to discuss and resolve: '...converting the company into a private joint stock company, cancelling the listing of the company and its shares from the Abu Dhabi Securities Market.'
Services and Insurance Sectors Push DFM Index Higher
The DFM General Index inched up to reach at 2,323.34 points on Wednesday 22nd May 2013.The index spending most of the session in the green zone added 3.99 points or 0.17 percent.
Market Cap
Key Sectors Turn QE Index Green
The QE Index continued pacing its way higher throughout the day to close its trading in the green territory at 9,085.9 on Wednesday 22nd May 2013, achieving 0.54 percent or 48.95 points for the sessi
ADX Index Dips but Volume Improves
The ADX General Index spending most of the session below the break – even line closed in the red at 3,503.38 points on Wednesday 22nd May 2013. The index trimmed 6.26 points or 0.18 percent for the e
Bonds seen consolidating after recent rally; lack of OMO hurts
Government bonds fell for a second consecutive session on Wednesday, continuing to retreat from a recent rally as the Reserve Bank of India has yet to announce bond purchases that had been widely exp