The Dubai-based tanker owner booked a net deficit of AED 644m($175m) in the nine months to 30 September compared to AED 28.7m a yearearlier.
Revenue fell to AED 118m from AED 153m a year earlier.
Accumulated losses have reached AED 1.12bn, or around halfthe value of its share capital, and the company is legally obliged to seek avote of confidence from shareholders at an extraordinary meeting.
“The
