PHOTO
An investor monitors a stock exchange information screen at the ADX Abu Dhabi Securities Exchange stock market. Stringer, Reuters
Reem Investments has asked shareholders to approve the delisting of its shares from the Abu Dhabi Securities Exchange (ADX) as well as a proposal from Q Holding for a share-swap deal.
In a special resolution agenda posted on ADX on Thursday, Reem said Q Holding, a newly formed investment company, has proposed to Reem's shareholders to fully acquire shares of the company in exchange for shares to be issued in Q Holding.
Reem Investment also proposed not to distribute a dividend for the financial year 2021.
(Reporting by Brinda Darasha; editing by Seban Scaria)
