Eshraq invites shareholders for share capital increase subscription

Dubai: Abu Dhabi-listed Eshraq Properties said on Sunday it has invited shareholders to subscribe in the share capital increase.

The share capital will be increased by Dh600 million, which will take the total to Dh2.325 billion. The Dh600 million-increase will representing 34.78 per cent.

Subscription will commence on November 9 till November 20.

Eshraq was among the 19 companies, which were upgraded by the MSCI in its reclassification of the UAE index in May.