Gulf Medical Projects looking to sell subsidiary

Abu Dhabi: Gulf Medical Projects Company said it is looking into the release of the liability of the managers of one of its wholly-owned subsidiaries.

In a statement on the Abu Dhabi Securities Exchange (ADX), the company said it will hold its board meeting on Wednesday to discuss the viability of entering into a sale contract of the subsidiary and one of the properties owned by the company. It is also looking into the ancillary documents of the sale, and authorising the board to sign on the transaction if approved.