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Americana Restaurants International PLC, registered under number 7712, has announced a Board of Directors meeting scheduled for 4th of March 2024 at 3:00 pm UAE local time. The meeting's agenda includes an update on the company's business and annual plan, a discussion of the company's annual report, and a discussion on several operational and administrative matters. In compliance with Resolution No (3) of 2000, the decisions made by the Board will be disclosed immediately after the meeting. The notification was signed by the Secretary of the Board, Saqib Muhammad Sabir Awan. A copy of the notification has also been sent to the Securities and Commodities Authority.
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 in The H Hotel Dubai, Office Tower, Level 15, Office No. 1502. They have announced a board of directors meeting to be held on March 1, 2024. The agenda for the meeting includes a review of the capital structure optimization plan, a discussion on the maturity date of the bonds issued by a SHUAA affiliated special purpose vehicle, and other business-related matters.
The General Assembly of Takaful Emarat Insurance PJSC convened on February 27, 2024, at Al Moosa Tower 2 in Dubai, UAE. The meeting approved the Board of Directors' report outlining the company's capital restructuring plan, including capital reduction and increase. The auditor's report on the company's losses, their origin, and the mechanism for managing them was also approved. A special resolution was passed to reduce the company's capital by 88.3%, provided the company's accumulated losses as of December 31, 2023, are not less than AED 132,429,000. This reduction aims to extinguish the accumulated losses amounting to AED 132,429,000 through the cancellation of 124,348,000 shares in the company, with the nominal value of AED 1 per share. The company will use all legal and/or optional reserves to extinguish the accumulated losses.