Abu Dhabi-based Aabar Investments will meet on June 24 to discuss a date for an extraordinary general meeting as it considers converting to a private joint stock company and delisting from the bourse.

International Petroleum Investment Co (Ipic), wholly-owned by the government of Abu Dhabi, is the majority shareholder in Abu Dhabi-listed Aabar, which has stakes in Daimler and Virgin Galactic.

The statement on the bourse website said Aabar's board of directors will meet on June 24 to discuss and resolve: '...converting the company into a private joint stock company, cancelling the listing of the company and its shares from the Abu Dhabi Securities Market.' – Reuters