SHUAA Capital PSC

SHUAA Capital p.s.c., a financial investment company based in Dubai, has released a list of candidates for its Board of Directors. The list, which was published on 3rd April 2024, includes Mr. Badr Al-Olama, Mr. Ahmed Alahmadi, Ms. Hamda Eid AlMheiri, Mr. Darwish Al Ketbi, and Mr. Nabil Mohamed. All are independent, non-executive members. The company has stated that a brief introduction for each candidate will be published on its website and presented at the general assembly meeting.

SHUAA Capital p.s.c. is a financial investment company based in Dubai, United Arab Emirates. The company's headquarters are located in The H Hotel Dubai, Office Tower, Level 15, Office No. 1502. They are licensed and regulated by the U.A.E. Securities and Commodities Authority under registration number 703036 and hold a Commercial License No. 200219. The company can be contacted through their phone number +971 (4) 330 -3600, fax number +971 (4) 330 -3550, and email info@shuaa.com. The company's website is www.shuaa.com.

Shuaa Capital has reached an agreement with its noteholders to amend the terms of its outstanding $150 million bond. This is part of the company's capital optimization plan, which aims to improve its balance sheet, increase liquidity, enhance operational metrics, and pave the way for new capital infusion. The new terms give noteholders the option to convert a portion of their notes into equity, with any remaining notes to be settled in cash at a pre-agreed discount. The company will now focus on finalizing negotiations with its senior creditor and planning for a new capital injection.

SHUAA Capital p.s.c., a financial investment company based in Dubai, is licensed and regulated by the U.A.E. Securities and Commodities Authority. The company's head office is located at The H Hotel Dubai, Office Tower, Level 15, Office No. 1502. They have informed Dubai Financial Market that their Board of Directors will make resolutions by circulation on Friday, 19th of April 2024, regarding business-related matters of the company. The information was communicated by Bachir Nawar, Chief Legal and Compliance Officer of SHUAA Capital.

The Board of Directors at SHUAA Capital PSC has announced an extension to the nomination period for the company's board membership until April 17, 2024. Interested shareholders who fulfill the nomination conditions can apply for board membership. The application should include a brief resume and the type of membership the applicant is nominating for. The election is for five board members and candidates must meet the conditions set out in Federal Law No (32) of 2021, among other regulations. After the nomination period closes, the company will post the names of candidates and related information on its website and bulletin board, and provide the list to the Securities and Commodities Authority and Dubai Financial Market.

SHUAA Capital p.s.c., a financial investment company based in Dubai, United Arab Emirates, has announced an adjournment to a noteholders' meeting initially scheduled to vote on amending the terms and conditions of bonds issued by a SHUAA affiliated special purpose vehicle. The total value of these bonds is $150 million and they are due on March 31, 2024. The meeting has been adjourned to April 19, 2024, due to a lack of quorum. The company's Board of Directors will keep shareholders informed of any developments and next steps by April 19, 2024. The notification was made by Bachir Nawar, Chief Legal and Compliance Officer of SHUAA Capital.

SHUAA Capital p.s.c., a financial investment company, is licensed and regulated by the U.A.E. Securities and Commodities Authority with registration number 703036. The company's head office is located at The H Hotel Dubai, Office Tower, Level 15, Office No. 1502. They can be contacted via telephone at +971 (4) 330 -3600 or via email at info@shuaa.com. The company's CEO is Mr. Hamed Ahmed Ali. The Board of Directors of SHUAA Capital will take resolutions by circulation on 5th April 2024 regarding customary business-related matters. The Chief Legal and Compliance Officer is Bachir Nawar.

SHUAA Capital psc has announced that nominations for its Board of Directors will be open from 03/04/2024 to 12/04/2024. Interested shareholders who meet the nomination conditions can apply at the company's head office in Dubai. The application should include a resume and the type of membership the applicant is nominating for. The election is for five board members and the nomination period will last for ten days. Candidates must meet the conditions set by Federal Law No (32) of 2021 and the Securities and Commodities Authority. The names of candidates will be posted on the company's website on 20/04/2024.