
Almubadarah to proceed with capital restructuring
During the recently held Annual General Meeting (AGM), shareholders approved the Board of Directors’ recommendation to reduce Almubadarah’s capital from AED5.78 billion to AED4.55 billion. Shareholders authorised Almubadarah’s CEO and /or any members of the Board of Directors to undertake the necessary procedures and steps to allow the company to complete its capital restructuring.