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Completing the converting of Aabar’s bonds into stocks

2010-06-14

Converting the bonds of Aabar Investments (AABAR) that are registered on behalf of the International Petroleum Investment Company of 600 million – into stocks in ADSM has taken place yesterday. The Securities and Commodities Authority had approved this last Thursday after issuing the ministerial decision to approve the amendment of the company’s bylaws of Aabar and the adoption of the capital increase to be AED 4.04 billion, divided into 4.04 billion shares.