Majority of Marka shareholders vote to liquidate company:
Following years of turmoil, the shareholders of embattled retailer Marka voted on Wednesday morning to liquidate the business, after a last ditch attempt at turning the company’s finances around failed.
Around 90 per cent of shareholders in attendance voted to file for bankruptcy, according to Khalid Bin Kalban, chairman of board.
The company, which listed on the Dubai Financial Market in 2014, has suffered consecutive quarterly losses since its IPO.
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