SHUAA Capital PSC

SHUAA Capital has initiated a consent solicitation to modify the terms and conditions of its USD 150 million outstanding bonds, due on 31 March 2024. The proposal, which has already received support from over 25% of noteholders, is part of SHUAA's broader capital optimisation plans. The company aims to adjust its debt repayment profile and facilitate new capital participation. If bondholders agree to the proposal and regulatory approvals are obtained, SHUAA plans to increase its capital to achieve a sustainable capital structure. The proposal also offers a cash settlement and the chance to participate in the company's equity to noteholders.

SHUAA Capital p.s.c., a financial investment company based in Dubai and regulated by the U.A.E. Securities and Commodities Authority, has announced a Board of Directors meeting set for 1:00 pm on Thursday, 21st March 2024. The agenda for the meeting includes a review of the company's consolidated financial results for the year ended 31st December 2023 and other business-related matters. The information was conveyed by Bachir Nawar, the Chief Legal and Compliance Officer of the company.

SHUAA Capital p.s.c., a financial investment company based in Dubai and regulated by the U.A.E. Securities and Commodities Authority, has informed the Dubai Financial Market about the Board of Directors' resolutions. The company's board has approved the launch of a consent solicitation related to the amendment of terms and conditions for bonds worth $150 million due on March 31, 2024, issued by a SHUAA affiliated special purpose vehicle. The board also addressed other customary business-related matters.

SHUAA Capital p.s.c., a financial investment company licensed by the U.A.E. Securities and Commodities Authority, has its head office in Dubai. The company has announced that its Board of Directors will make resolutions by circulation on March 13, 2024. The resolutions will address the launch of a consent solicitation related to amending the terms and conditions of the bonds, issued by a SHUAA affiliated special purpose vehicle, worth 150 million US dollars due on March 31st, 2024. Other business-related matters of the company will also be discussed. The information was conveyed by Bachir Nawar, the Chief Legal and Compliance Officer of the company.

SHUAA Capital p.s.c., a financial investment company based in Dubai and regulated by the U.A.E. Securities and Commodities Authority, has announced the resignation of its Group Chief Legal and Compliance Officer, Mr. Bachir Nawar. Mr. Nawar has resigned for personal reasons and will serve a notice period of two months, during which he will continue to support the company and ensure smooth continuity of business activities.

SHUAA Capital p.s.c., a financial investment company based in Dubai, held a board meeting where they discussed the progress of their capital structure optimization plan and other business-related matters. They are in conversation with bondholders about potentially extending the bond's maturity date. The company plans to update shareholders on these developments at the Annual General Assembly Meeting in April 2024. The information was relayed by Bachir Nawar, Chief Legal and Compliance Officer of SHUAA Capital.

SHUAA Capital p.s.c., a financial investment company based in Dubai, United Arab Emirates, is licensed and regulated by the U.A.E. Securities and Commodities Authority. The company's board of directors is set to meet at 3:00 pm tomorrow to discuss several agenda items. These include reviewing the developments of a previously announced capital structure optimization plan, discussing the maturity date of bonds issued by a SHUAA-affiliated special purpose vehicle and the possibility of extending the bonds’ maturity date, and addressing other customary business-related matters.

SHUAA Capital p.s.c., a financial investment company based in Dubai, has postponed its scheduled Board of Directors meeting to a later date. The new date for the meeting will be announced to the shareholders within the upcoming week. The notice of adjournment was sent by the company's Chief Legal and Compliance Officer, Bachir Nawar.

SHUAA Capital p.s.c., a financial investment company licensed and regulated by the U.A.E. Securities and Commodities Authority, has announced the resignation of Mr. André George Sayegh from its Board of Directors. The resignation, effective immediately, was due to personal reasons. The notification was made by Bachir Nawar, the Chief Legal and Compliance Officer of the company.

SHUAA Capital p.s.c., a financial investment company based in Dubai and regulated by the U.A.E. Securities and Commodities Authority, has announced the resignation of Mr. Ajit Joshi, MD, Head of Private Markets. Mr. Joshi is leaving his position for personal reasons and will serve a one-month notice period, during which he will continue to support business activities.