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Shuaa Capital PSC, an investment company regulated by the Securities and Commodities Authority, held a Board of Directors meeting on December 27, 2024. During the meeting, the board approved the issuance of two tranches of convertible bonds. The first tranche involves issuing bonds up to a maximum value of 150 million AED, convertible into company shares at a rate of 0.32 AED per share, subject to regulatory and shareholder approvals. The second tranche involves issuing bonds up to a maximum value of 275.5 million AED, also convertible into company shares, pending necessary approvals.