Press releases, Reports & Disclosures for SHUAA Capital PSC

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, announced that a court ruling was made in its favor regarding a lawsuit filed by a former executive board member. The lawsuit, dated August 30, 2024, involved a claim for approximately 22 million AED in labor entitlements. The company expressed its appreciation for the trust and support of its shareholders and emphasized its commitment to exploring all legal options to protect the rights and interests of the company and its shareholders. The announcement was addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has announced the postponement of its general assembly meeting due to a lack of quorum. The meeting is rescheduled for Monday, February 17, 2025, at 3:00 PM at the company's headquarters on the 32nd floor of Al Khatem Tower, Al Maryah Island, Abu Dhabi. Shareholders can also attend remotely via electronic participation.

Press contacts for SHUAA Capital psc include Adnan Nur, the Finance Director. He can be reached by phone at +971 4 610 8206 or via email at sr@shuaa.com. More information can be found on their website, www.shuaa.com.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has announced a decision made by its Board of Directors. The decision involves the acceptance of the resignation of Mr. Ahmed Al Ahmadi from the Board and the appointment of Mr. Asad Ali Hussaini as his replacement until the end of the board's term in April 2027. This appointment will be presented to the company's general assembly for approval. The announcement was addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, is located in Dubai, UAE. The company plans to hold a board meeting on January 30, 2025, to make a decision regarding the appointment of a board member. The communication is addressed to Mr. Hamad Ahmed Ali, the CEO of Dubai Financial Market, and is signed by Islam Mahrous, the Chief Compliance Officer.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority under license number 630307, has announced the resignation of its Chief Financial Officer, Mr. Adnan Noor, due to personal reasons. He will remain with the company for one month to ensure a smooth transition. Shuaa Capital is in the process of appointing a new Chief Financial Officer, expected to occur after the completion of the convertible bond issuance scheduled for next month. The announcement was addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market.

This document is a shareholder circular from SHUAA Capital PSC, a public joint stock company in Dubai, UAE, dated January 10, 2025. It addresses the recommended issuance of mandatory convertible bonds to new private investors and existing holders of USD 150 million bonds issued by SHUAA Capital Bond 1 Limited, in compliance with relevant UAE laws. The implementation of this transaction is conditional upon approval by a requisite majority at the SHUAA General Meeting. The document advises shareholders who have sold or transferred their shares to forward the document to the new owner. It also notes that approval by the Securities and Commodities Authority (SCA) only confirms the document meets minimum information requirements and does not imply endorsement of the bond issuance. The board of directors is responsible for the accuracy of the information, and shareholders are encouraged to read the entire document and accompanying materials. The document also highlights the need to comply with distribution laws in jurisdictions outside the UAE.

Shuaa Capital P.S.C., a licensed financial investment company regulated by the Securities and Commodities Authority, is inviting its shareholders to attend the company's general assembly meeting. The meeting is scheduled for 3 PM on Monday, February 3, 2025, at the company's headquarters on the 32nd floor of Al Khatem Tower, Al Maryah Island, Abu Dhabi. Shareholders can also participate electronically. The agenda includes a special resolution to approve the issuance of convertible bonds totaling AED 150,000,000. These bonds are to be issued to professional investors and counterparties as per relevant regulations.

Press contacts for SHUAA Capital psc include Adnan Nur, the Finance Director. He can be reached at +971 4 610 8206 or via email at sr@shuaa.com. More information can be found on their website, www.shuaa.com.