Dubai – Mubasher: DXB Entertainments has incurred accumulated losses of AED 8.2 billion as of the period ended 31 March 2021, representing 13% of the capital.

The accumulated losses have decreased from 98% to 13% of the capital, driven by the conversion of the existing convertible bonds and senior bank debt into new issued shares of the company, according to the company's recent disclosure to the Dubai Financial Market (DFM).

It is noteworthy to mention that in the first three months of 2021, the company's net losses have declined to AED 359.806 million from AED 564.637 million in the year-ago period.