Doha – Mubasher: Qatar German for Medical Devices Company said its extraordinary general meeting (EGM) discussed on 26 October the company’s accumulated losses.

Accumulated losses exceeded 50% of the company’s share capital, according to a bourse statement.

The company’s capital amounts to QAR 115.5 million, distributed on 11.55 million shares at QAR 10 per share.

The shareholders also gave a nod to update the company’s articles of association to be in line with the new companies’ commercial law No.(11) for 2015.