Shuaa Capital's shareholders will decide tomorrow at an extraordinary general meeting (EGM) whether the firm continues to function or is dissolved.
The Dubai Financial Market-listed firm is seeking the decision in accordance with Article 285 of the UAE Commercial Companies Law, a regulatory filing to the DFM reveals.
Shuaa reported a Dh948.496 million loss for 2008. Article 285 provides that if the losses amount to half of its capital, the directors shall call an EGM to consider the matter of continuation or dissolution of the firm.
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