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SHUAA Capital Bond 1 Limited announced the final results of its exchange offer for its $150,000,000 7.50% notes due on March 31, 2025. The offer invited eligible noteholders to exchange up to $75,000,000 of these notes for UAE Dirham-denominated mandatory convertible bonds issued by SHUAA Capital psc. The offer expired on February 28, 2025, and by that deadline, $76,133,000 in notes were tendered for exchange. The issuer decided to accept $74,733,000, subject to a pro rata scaling factor of 98.968%. The approval condition was satisfied on March 10, 2025, and the expected settlement date for the exchange, including the delivery of the new bonds, is March 18, 2025.

On Thursday, 13 March 2025, Dubai Refreshment PJSC held a General Assembly Meeting chaired by Mr. Ahmad Alserkal, the Chairman of the Board of Directors. The meeting took place at the company's headquarters in Dubai Investment Park 2 and was also accessible online. It started at 12:00 PM and concluded at 12:30 PM. The quorum for the meeting was 69.9192% of the total attendance, with 42.3358% attending personally and 27.5834% by proxy. Electronic voting accounted for 69.9192% of the attendance. During the meeting, the assembly approved the Board of Directors' report on the company's activities and financial position for the year ending 31 December 2024, the external auditors' report, and the company's balance sheet and profit and loss account for the same period.