The Golden Gate Securities and Brokerage Company be dissolved and liquidated, according to a decision by a judicial committee setup by official authorities in Dubai.
The company has been found guilty of committing a series of irregularities, a press release issued by Securities and Commodities Authority or SCA said. The committee was set up early this year to settle the issue legally.
Ghassan Al Saheb Public Accountants have assigned the job to carry out liquidation process under the supervision of the Securities and Commodities Authority, or SCA has asked the creditors of the firm to submit their claims to the liquidator within 45 days .
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