Deyaar mulling reducing capital | Deyaar mulling reducing capital -

Deyaar mulling reducing capital

: Wednesday, February 12 - 2014 @ 09:49

Dubai’s second-largest publicly traded property, Deyaar Development has said it is considering reducing its capital, Bloomberg has reported. The board of Deyaar, which is controlled by Dubai Islamic Bank (DIB), will meet on tomorrow to discuss restructuring capital, the company said, without providing further details. The company will also consider allowing non-Gulf nationals to buy its shares.

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Wednesday, February 12- 2014 @ 9:49 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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