Shuaa Capital: We have not received any communications to sell shares in the company

2023-08-15 22:02:01

Shuaa Capital confirmed that it had not received any official communications regarding major partners discussing the sale of stakes in the company, indicating that this matter is up to the partners.

According to a disclosure to the Dubai Financial Market, the company indicated that, following the resignation of Jassim Al-Siddiqi from the membership of the company’s board of directors, the board will consider the issue of appointing a new board member to fill the vacant position at the appropriate time, and that his identity be disclosed when the board decides on the appointment.

She added that at this time, the company’s management will continue to operate as usual, according to the strategy and directions previously presented to the shareholders.

Yesterday, the company announced the resignation of Jassim Al-Siddiqi from the Board of Directors.

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Alexandra Hartman Editor-in-Chief

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