Eshraq plans to raise share capital by Dh600m

Abu-Dhabi listed Eshraq said it plans to raise its capital by Dh600 million, and has invited its shareholders to subscribe to the additional 600 million shares at Dh1 each.

This brings the company’s total share capital to Dh2.325 billion from the earlier Dh1.725 billion, the company said in a statement.

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