Dubai – Mubasher: Dubai Parks and Resorts said shareholders would convene a meeting on 18 April to discuss the proposed increase in the company’s capital by around AED 1.678 billion.
The company’s board agreed Sunday on raising the company’s capital to provide financing for a planned ‘Six Flags Dubai’ project.
The capital increase is pending the approval of Securities and Commodities Authority (SCA) and the company’s shareholders.
Shareholders will also discuss endorsing authorised capital at AED 12.6 billion, as well as offsetting AED 3.7 million accumulated losses.
