The jeweler said in a statement that it had received on May 13th, 9:00 a.m. bids to purchase 878.986546 million shares, or 88.86% of capital.
A final decision will be issued on this offer by May 24th, at 2:00 p.m.
Damas approved delisting, as it owns over 75% of voting ratio and informed Borse Dubai of this decision, so that it can delist without obtaining the approval of the shareholder meeting.
