DFM delists shares of three companies

Dubai Financial Market (DFM) has announced the delisting of the shares of three companies.

Gulf General Investments Company’s shares have been delisted due to trading suspension for a duration of six months or more.

These shares will remain in each investor's account with the Dubai Central Securities Depository (Dubai CSD), and the shares will be prohibited from trading.

Meanwhile, the shares of Arabtec Holding (ARTC) and Marka have been delisted as a result of their dissolution, liquidation or bankruptcy.

"It is worth noting the decision of the Dubai Court, dated June 16, 2021, regarding accepting the application to open bankruptcy procedures for ARTC and its subsidiaries, and the Dubai Courts of First Instance decision, dated October 10, 2021, declaring the bankruptcy of MARKA and liquidating its funds, including its subsidiaries," the DFM said in its notification.

It added that the shares will remain in each investor's account with the Dubai CSD until receiving official letter from the courts that the liquidation process has been completed.

The shareholders can contact the Securities and Commodities Authority regarding developments in the liquidation of companies and with the Dubai CSD regarding inquiries about registered shares.