The company reported revenues of Dhs144m for the year ended December 31, 2020, 71 per cent lower than Dhs491m in 2019
The board approved appointing KPMG and Shuaa Capital as financial advisers and Allen & Overy as legal adviser
Meraas plans to acquire debt worth $1.16bn and convert it into new DXBE shares
Operator DXB Entertainments reported a 97 per cent year-on-year drop in revenues in Q3