Dubai – Mubasher: Marka’s ordinary general meeting (OGM) has approved the continuance of the company’s activities and postponed its decision regarding a proposed capital reduction or increase to another meeting to be held on 4 September.
The Dubai-listed company seeks to trim its capital in a bid to address an accumulated loss of AED 450.1 million, according to Al Bayan newspaper.
The OGM recommended the appointment of an expertise house to evaluate all the company’s transactions and report the results to the nearest meeting.
