Dlala Brokerage Investment Holding on Thursday announced that it has received the final approval from Qatar Financial Markets Authority (QFMA) on the merge plan for Dlala Islamic Brokerage and Dlala Brokerage.
The Qatari company determined 6 September to be the last trading day for Dlala Islamic Brokerage, according to a statement to the Qatar Stock Exchange (QSE).
It is worth noting that Dlala Holding acquired 99.98% in both Dlala Islamic Brokerage and Dlala Brokerage.
For the full-year 2017, Dlala Holding’s profits hiked 338.2% to QAR 16.65 million, from QAR 3.80 million in the year before.
By the end of Thursday’s session, Dlala Holding’s stock rose 0.64%, closing at QAR 14.21.