(Bloomberg) -- Shareholders of Marka, the loss-making Dubai-based retail and dining company, voted to wind it down.
Investors approved the motion at the company’s general assembly meeting on Wednesday, according to a regulatory filing. Marka’s shares have been suspended since May 2018. The company operates several retail and restaurant brands in the United Arab Emirates.
Marka raised $75 million from an initial public offering in 2014. The company has never reported a profit, according to data compiled by Bloomberg.
To contact the reporter on this story: Matthew Martin in Dubai at mmartin128@bloomberg.net
To contact the editors responsible for this story: Stefania Bianchi at sbianchi10@bloomberg.net, Alaa Shahine, Abbas Al Lawati
