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The Invictus Investment Company PLC held its Annual General Assembly Meeting on April 19, 2024. The meeting, chaired by Mr. Osama D. Abdellatif, began at 3:00 pm and ended at 3:30 pm. The meeting was attended by 90.88% of the total capital. The meeting was held virtually on https://web.lumiagm.com. The venue was Al Maqam Tower, 3501, 35 ADGM Square, Al Maryah Island, Abu Dhabi, UAE.
The GFH Financial Group B.S.C. has announced the appointment of Mr. Nabeel Kanoo as a Board member in its subsidiary, GFH Partners. The announcement was made on 20/04/2024 under the trading code GFH. Further details can be found in the attached release. The announcement was signed by Mariam Jowhary, the Head of Compliance & AML.
Shuaa Capital has reached an agreement with its noteholders to amend the terms of its outstanding $150 million bond. This is part of the company's capital optimization plan, which aims to improve its balance sheet, increase liquidity, enhance operational metrics, and pave the way for new capital infusion. The new terms give noteholders the option to convert a portion of their notes into equity, with any remaining notes to be settled in cash at a pre-agreed discount. The company will now focus on finalizing negotiations with its senior creditor and planning for a new capital injection.