UAE's "Shuaa" issues $ 150 million in bonds

Emirati Board of Directors of Shuaa Capital approved the issuance of bonds worth $ 150 million or its equivalent in UAE dirhams through a private placement.

The company said in a statement to the Dubai Financial Market, today, Monday, that the bond issuance will be listed in a market outside the UAE, and the board of directors, the CEO or the chief executive officer for affairs will be delegated. Finance with the required powers to implement all procedures.

and the company’s board of directors, at its meeting that took place yesterday, Sunday, issued several decisions, including appointing Christopher Ward as a board member until the end of the current board session in March of next year. .

The Board also approved the amendment and reformulation of the company's articles of association in accordance with the provisions of Federal Law No. 2 of 2015 regarding commercial companies.

The Board also approved the decision of the Chairman of the Board of Directors of the Securities and Commodities Authority No. (3 / R.M) of 2020 regarding the adoption of the Governance Manual for Public Joint Stock Companies.

(Amazon Fun Knowledge)