CNBC Arabia obtained a document, the authenticity of which could not be verified, asking shareholders who own more than 5% of the capital of Union Properties, to add a major dismissal clause The Board of Directors, Khalifa Al Hammadi, and three of its members are on the schedule of the company’s next general assembly meeting.
The Union Real Estate had called its general assembly to meet on October 26, based on the instructions of the Securities and Commodities Authority to approve the auditors' report and the company's budget for the year 2020.
CNBC Arabia contacted Union Properties, which declined to comment, noting the need to adopt disclosures made through official approved channels.
