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    GULF INVEST SERVICES HOLDING

     Disclosure to the Shareholders

    Aug 01, 2016 10:02 AM

    At the Board meeting of the Gulf Investment Services Holding Co. SAOG (GIS) held on 31 July 2016, the Board has approved the transfer of the Dubai Gold and Commodities Exchange (DGCX) membership held by the Company to its subsidiary Gulf Baader Capital Markets SAOC (GBCM).

     

    The license of DGCX is carried in the accounts of GIS at RO 38200 as an intangible asset and shall be written off.  The Company shall pass the necessary accounting entries in its accounts for third quarter of 2016

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