The largest shareholders of Middle East jeweller Damas International have appointed a financial adviser ahead of a potential sale of some of their shares, the firm said in a regulatory filing on Wednesday.
The three Abdullah brothers - Tawfique Abdullah, Tawhid Abdullah and Tamjid Abdullah - are aiming to sell the shares for no less than $0.45 each, the statement said.
Damas shares closed on Monday at $0.23 on the Nasdaq Dubai.
No comments:
Post a Comment