SHUAA Capital PSC

Shuaa Capital PSC, a licensed and regulated financial investment company, held a board meeting on February 13, 2025. During the meeting, the board reviewed the company's financial performance for the previous period and made the following decisions: they approved the preliminary, unaudited, and unreviewed consolidated financial statements for the fiscal year ending December 31, 2024, and addressed other routine matters related to the company's operations.

Shuaa Capital PSC, a licensed investment company regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219, has announced that it has secured binding commitments for the subscription of the first tranche of convertible bonds up to a maximum value of AED 150 million. This issuance is part of a private placement and is subject to necessary regulatory approvals. The commitments have been secured from Eshraq Investments PJSC, Al Baher Real Estate Development LLC, and United Motors & Heavy Equipment Co. LLC. The bonds will be offered to new shareholders with mandatory conversion into shares at a price of AED 0.32 per share, to occur as soon as possible after issuance.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219, has scheduled a Board of Directors meeting. The meeting will take place on Thursday, February 13, 2025, at 3:30 PM. The agenda includes the approval of the preliminary, unaudited, and unreviewed consolidated financial statements for the fiscal year ending December 31, 2024, along with other routine company matters. The meeting will be held at their main office located in Dubai, United Arab Emirates.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, announced that a court ruling was made in its favor regarding a lawsuit filed by a former executive board member. The lawsuit, dated August 30, 2024, involved a claim for approximately 22 million AED in labor entitlements. The company expressed its appreciation for the trust and support of its shareholders and emphasized its commitment to exploring all legal options to protect the rights and interests of the company and its shareholders. The announcement was addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has announced the postponement of its general assembly meeting due to a lack of quorum. The meeting is rescheduled for Monday, February 17, 2025, at 3:00 PM at the company's headquarters on the 32nd floor of Al Khatem Tower, Al Maryah Island, Abu Dhabi. Shareholders can also attend remotely via electronic participation.

Press contacts for SHUAA Capital psc include Adnan Nur, the Finance Director. He can be reached by phone at +971 4 610 8206 or via email at sr@shuaa.com. More information can be found on their website, www.shuaa.com.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has announced a decision made by its Board of Directors. The decision involves the acceptance of the resignation of Mr. Ahmed Al Ahmadi from the Board and the appointment of Mr. Asad Ali Hussaini as his replacement until the end of the board's term in April 2027. This appointment will be presented to the company's general assembly for approval. The announcement was addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, is located in Dubai, UAE. The company plans to hold a board meeting on January 30, 2025, to make a decision regarding the appointment of a board member. The communication is addressed to Mr. Hamad Ahmed Ali, the CEO of Dubai Financial Market, and is signed by Islam Mahrous, the Chief Compliance Officer.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority under license number 630307, has announced the resignation of its Chief Financial Officer, Mr. Adnan Noor, due to personal reasons. He will remain with the company for one month to ensure a smooth transition. Shuaa Capital is in the process of appointing a new Chief Financial Officer, expected to occur after the completion of the convertible bond issuance scheduled for next month. The announcement was addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market.