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Monday / December 11.

Marka Announces Results of General Assembly Meeting


Marka PJSC (DFM: MARKA), the first retail-focused company listed on the Dubai Financial Market, announced today the results of its General Assembly Meeting held in Dubai on 11th October 2017.

 

At the meeting, Marka Shareholders approved the company’s continuity of operations.

 

Mr. Khaled Jassim Bin Kalban, Marka Chairman, said: “Over the past few months Marka has restructured its divisions, exited underperforming businesses, and applied a strict cost control program across the company ­— and we expect to see positive outcomes from these activities during the remainder of 2017 and beyond. The approval today by Marka’s shareholders gives the Board of Directors and Management team a clear mandate to continue with restructuring efforts in order to build a strong future for the company.”



via EoD