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Abu Dhabi / WAM
Abu Dhabi Securities Exchange (ADX) announced its CSD & Registry Services Department has listed the capital increase of 500,000,000 shares for Gulf Pharmaceutical Industries (Julphar) in the investors’ accounts.
Accordingly, the accounts have been updated and the new shares will be tradable from July 28, said ADX in a statement on Tuesday.
The AED 500 million rights issue of Julphar has been oversubscribed 2.3 times to settle at AED 1.14 billion on application which closed on July 12.