SHUAA Capital PSC

Shuaa Capital PSC, a financial investment company, is licensed and regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219. The company's headquarters is located in the H Hotel, Office Tower, 15th floor, Office No. 1502 in Dubai, UAE. The company's board of directors plans to make decisions on the following matters on Tuesday, May 28, 2024: 1. Review and approve the audited consolidated financial statements for the fiscal year ending December 31, 2023. 2. Review the company's annual report, including the governance report, and approve it. 3. Recommend the appointment of the company's auditors for the fiscal year ending December 31, 2024, and determine their fees, subject to the approval of the company's shareholders. 4. Consider inviting the annual general assembly of the company for the year 2023, subject to regulatory approval, with the delegation of the Managing Member and/or the company's CEO to take all necessary actions in this regard in accordance with applicable regulations and laws.

SHUAA Capital p.s.c., a financial investment company based in Dubai, United Arab Emirates, held a board meeting on 17th May 2024. The board reviewed the company's financial and operational performance for the first quarter of 2024 and the progress of its capital optimization plan. It resolved to issue mandatory convertible bonds (MCBs) of up to AED 367.0 million and AED 275.5 million through private placement, subject to regulatory and shareholder approval. The conversion valuation of the MCBs will be determined by an independent financial advisor.

SHUAA Capital p.s.c., a financial investment company based in Dubai, UAE, is licensed and regulated by the UAE Securities and Commodities Authority. The company is planning to hold a Board of Directors meeting on the 17th of May 2024, at 3:00 pm. The agenda for the meeting includes reviewing the company's financial and operational performance for Q1 2024, discussing the progress of the previously announced capital structure optimization plan, which includes a capital increase and the issuance of convertible bonds, and discussing other business-related matters. The information was conveyed by Islam Mahrous, the Head of Compliance at SHUAA Capital.

SHUAA Capital has successfully settled over AED 500 million in margin facilities with multiple UAE banks, a significant milestone in the de-leveraging of a fund managed by SHUAA GMC Limited, a wholly-owned subsidiary of SHUAA based in Abu Dhabi Global Market. This follows an agreement with noteholders on the outstanding $150m bond and aligns with SHUAA's investment philosophy which emphasizes prudent financial policies and modest debt levels. The settlement demonstrates SHUAA's commitment to safeguard stakeholders' interests and to asset management based on fundamental analysis.

SHUAA Capital psc has announced the re-election of three board members and the election of two new directors. Mr Badr Al Olama has been appointed as the new Chairman, with Nabil Ramadhan and Ahmed Al Ahmadi taking on the roles of Vice Chairman and Managing Director of the Board, respectively. The Acting CEO, Wafik Ben Mansour, expressed his enthusiasm for the new board and their collective vision to position SHUAA at the forefront of the region's asset management and investment banking sector.

SHUAA Capital p.s.c., a financial investment company based in Dubai and regulated by the U.A.E. Securities and Commodities Authority, recently held a board meeting. The outcomes of the meeting include the election of Mr. Badr Al Olama as Chairman of the Board of Directors, Mr. Nabil Ramadhan as Vice Chairman, and Mr. Ahmed Alahmadi as the Managing Director of the company. The company's Board of Directors committees have also been restructured, including the Audit and Compliance Committee, Nominations and Remuneration Committee, Risk and Governance Committee, and Investment Committee. Other business-related matters of the company were also discussed.

Shuaa Capital has announced the departure of Fadhel Al Ali as Chairman at the end of his term, a position he held since July 2019. Al Ali was instrumental in the company's growth and development, including a recent agreement to amend the terms of a $150 million bond issued by a Shuaa-affiliated SPV. The company also announced the re-election of three independent board members and the election of two new independent directors.