Marka shareholders give nod for Dh1 billion authorised capital

02/05/2017 06:14 AST

Marka said on Monday its shareholders have approved the board's plan to set up an authorised capital of Dh1 billion.

The shareholders also approved company's plan to sell its shares in Cheeky Monkeys, a nursery school, the company said in a statement posted on Dubai Financial Market's website. For the 12 months ending December 2016, the company reported total revenue of Dh294 million, an increase of 36.89 per cent over the full year results for 2015.


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Marka sees revenues slashed by Dh200m

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Marka continued its dismal run of results on Wednesday, with revenues for 2017 plummeting by nearly 68 per cent, and net losses increasing by 44 per cent.

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Marka stems painful flow of losses with aggressive cost-cutting

15/11/2017

Marka released its third quarter financial results on Tuesday, reporting a net loss of Dh22 million, an improvement of sorts given the company's losses of Dh126 million in the second quarter of 2017.

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Marka to remain operational despite losses since inception

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Marka, the retailer which started restructuring its business earlier this year, after failing to turn a profit since its 2014 listing in Dubai, plans to sell under-performing assets, restructure its

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