By: Mahmoud Gamal

Dubai – Mubasher: The stock of DXB Entertainments on Wednesday rose in line with the company’s disclosure of a new management structure.

By 10:45 am UAE time, the stock went up 6% to reach AED 0.795 after 34.45 million shares were traded through 262 transactions at a value of AED 27.09 million.

The company on Wednesday disclosed the merger of both the Strategic Affairs and the Business Development departments with its financial administration, appointing John Ireland as the new CFO.

The stock is directed based on speculations following the new structure, the CEO of Topsy Turvy, Fady Al-Ghattis, told Mubasher. 

The new structure comes as a negative step since the company is still developing, Al-Ghattis said.