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Board of Directors of First Dubai Real Estate Development Company meeting is scheduled on Thursday 23/09/2021 to discuss the items listed in the disclosure form.
Board of Directors of First Dubai Real Estate Development Company meeting is scheduled on Thursday 23/09/2021 to discuss the items listed in the disclosure form.
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20/09/2021
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Date:
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First Dubai Real Estate Development Company K.S.C.
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Name of listed company
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The Board of Directors of First Dubai Real Estate Development Company K.S.C. will convene on Thursday 23/09/2021 at 02:00 PM to discuss the following agenda:
1. Discuss the transaction of selling all shares of a subsidiary company in the Kingdom of Saudi Arabia.
2. Discuss a suggestion to set-off the entire accumulated losses amounting to 28,286,370 KD. (Twenty-eight million two hundred eighty-six thousand and three hundred seventy Kuwaiti Dinars) as of the company’s consolidated financial statements ended on 30/06/2021.
3. Discuss reducing the company's capital as a result of setting off the accumulated losses mentioned in point (2) above.
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Material information
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The financial impact will be disclosed after the board meeting.
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Effect of the material information on the company financial position
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