Flydubai’s capital doubled
Published by Irhal
June 9 - Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Monday issued a law that will effectively increase the emirate’s first budget airline’s capital by more than double. "The new law amended a preceding law, which had set up Flydubai with a capital of Dh220 million. The amendment more than doubled the capital to Dh500 million to be fully paid by the…
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