Gulfa Mineral Water and Processing Industries Co. P.L.C. (DFM:GULFA) announced a private placement of 10,000,000 common shares at a price of AED 1 per share for gross proceeds of AED 10,000,000 on April 26, 2020. Post the transaction, the company will increase issued capital from AED 30,000,000 to 40,000,000. The transaction was approved by board of directors of the company.