The UAE's market regulator has formed a forensic audit committee to review Drake and Scull.
It's after the company’s current management blamed its previous management and Board of Directors for losses of AED 5 billion incurred in 2018.
The company had filed an official complaint with the UAE Securities and Commodities Authority to pursue action against members of the previous executive management.
They said it was done to protect shareholders’ rights.
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UAE President discusses regional developments with Syrian counterpart
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Syrian leader Ahmad Al-Sharaa discussed regional developments during a phone call on Friday.
UAE strongly condemns renewed Iranian hostile attack on Kuwait
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UAE condemns Damietta Port incident, Egypt investigation continues
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UAE fuel prices to go up in August
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H.H. Sheikh Mohamed announces scholarships for Serbian students at UAE universities
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Abu Dhabi sets January deadline to remove junk food at supermarket checkouts
Starting January 1, supermarkets across Abu Dhabi will not be allowed to display junk food at checkouts and "high-traffic locations" as authorities step up efforts to promote healthier food choices for the community.
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