AMLAK Finance, leading Islamic finance provider in the region, on Saturday said that it has begun sending out invitations to its shareholders for subscribing to the company’s 1:1 rights issue.
Amlak shareholders endorsed a Board decision at a recent extraordinary general meeting to raise the company’s paid-up capital from $ 750 million to $1.5 billion through rights issue
Mohammed Al Hashimi, CEO of Amlak, called upon all the shareholders to check their contact details and incorporate any changes by approaching the Dubai Financial Market or visiting the Amlak website.
Amlak’s rights issue will open for subscriptions on September 15, 2005. The issue will remain open for 10 working days, until September 26 September 2005.
