Gulfa General Investments exiting stage left from the DFM

Gulfa General Investments Company’s shares will be forcibly delisted from the DFM, effective at the close of the trading session this Friday, 15 December, the bourse said in a market announcement (pdf).

What happened? Trading on Gulfa’s shares has been suspended since February 2022 after the company failed to submit their preliminary financial results for 2022. Under DFM listing rules, the market has the authority to delist any security that has been suspended from trading for a duration of six months or more.

About Gulfa General Investments Company: The UAE-based company focuses on the production and bottling of mineral water, namely its Gulfa mineral water, juices, and soft drinks. Its operations include the import/export, wholesale and retail distribution. The Company manages and owns Gulfa Mineral Water Plant in Masfout, Ajman.