Dubai, 6th August, 2020 (WAM) — BHM Capital Financial Services announced today that it will hold a remote general assembly meeting on Monday, 26th August, to consider the proposed acquisition of Al Waqan Capital Investment Company.
The company said in a disclosure to the Dubai Financial Market that the acquisition will be through raising the capital from AED 173.4 million to AED 5.023 billion, an increase of AED 4.85 billion, in exchange for in-kind shares and issuing new shares in the company to the shareholders of Al Waqt Capital Investment Company.
According to the disclosure, the Assembly will also consider approving and ratifying the amendment to the text of Article (7) of the Company’s Articles of Association, and approving and ratifying the amendment to the text of Article (14-1) of the Articles of Association.
The company stated that if the legal quorum for the first general assembly meeting is not met, the second meeting will be held on September 2 at the same place and time.
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