Abu Dhabi – Mubasher: Eshraq Properties announced on Tuesday that its ordinary general meeting has been scheduled for 23 April.
In the event of an incomplete quorum, a second meeting will be held on 30 April, according to the company’s filing to the Abu Dhabi Securities Exchange (ADX).
The real estate firm reported losses during the fiscal year ended 31 December 2014, reaching AED 536.8 million against a net profit of AED 318.7 million in 2013.
The company attributed its losses to real estate revaluation.
Eshraq’s capital amounts to AED 431.250 million at par value of AED 1 per share.
