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The Invictus Investment Company PLC held its Annual General Assembly Meeting on April 19, 2024. The meeting, chaired by Mr. Osama D. Abdellatif, began at 3:00 pm and ended at 3:30 pm. The meeting was attended by 90.88% of the total capital. The meeting was held virtually on https://web.lumiagm.com. The venue was Al Maqam Tower, 3501, 35 ADGM Square, Al Maryah Island, Abu Dhabi, UAE.
The GFH Financial Group B.S.C. has announced the appointment of Mr. Nabeel Kanoo as a Board member in its subsidiary, GFH Partners. The announcement was made on 20/04/2024 under the trading code GFH. Further details can be found in the attached release. The announcement was signed by Mariam Jowhary, the Head of Compliance & AML.
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.
On April 19, 2024, a letter was sent to Mr. Hassan Al Serkal, Executive Vice President and Head of Operations division at Dubai Financial Market. The letter referred to a previous disclosure about the opening of nominations for the Board of Directors. A list of nominees who meet the necessary conditions according to articles 9 and 10 of the Authority’s Board Chairman Decision No. (03 / R. M) for the year 2020 was provided. The nominees included Iyad Mazhar Saleh Malas, Badr Abdulla Ahmed Majid Al Ghurair, Thani Abdulla Suhail Juma Al Zaffin, Rashed Saif Ahmed Majid Al Ghurair Al Suwaidi, Raja Mohammed Ghanim Saeed Al Mazrouei, Sultan Abdulla Ahmed Majid Al Ghurair, Ali Rashid Humaid Al Mazroei and Hind Eisa Salim Eisa Ali. It was also mentioned that the names and CVs of the nominees would be published at the company's headquarters and on its website. The letter was signed by the General Manager, Eng. Mohammed Abdulla Ahmed Al Ghurair. A copy of the letter was sent to the Securities and Commodities Authority.