Damas transfers 20m shares to Amwal as part of settlement

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09-Sep-2010

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According to Damas International, Amwal Al Khaleej Commercial Investment Co. has received 20 million shares of the Dubai-based jewellery retailer as part of a settlement with its founder Abdullah Brothers and Damas Investments. The shares were transferred on August 19 at a price of 16 cents a share and a value of $3.2 million, Damas said in a statement.

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