Browse
related articles
Shareholders approved all the resolutions put forward by the Board of Directors as well as the election of the members of the Board of Directors of the Company for the next three-year term which remained largely unchanged.
In addition, the shareholders appointed Passport Capital to be represented on the Board of Directors of Shuaa Capital. Shareholders also thanked H.E Mr. Mohammed Shaibani and Mr. Mohamed Saeed Al Quassimi for their valuable contribution, continued support and dedicated service over the tenor of their service.
Mr. Majid Saif Al Ghurair, Chairman of Shuaa Capital said:
"We are pleased with the outcome of the meeting and would like to take this opportunity to thank all our shareholders for their continued confidence and trust in Shuaa Capital, and welcome Passport Capital to our Board. We firmly believe in the longer term Shuaa remains well positioned to play an active role in shaping the capital market development of the UAE, and continue to promote the GCC as a destination for capital."
For the lack of the required 75% quorum, the Extraordinary General Assembly ("EGM") is scheduled to convene on 15 April 2009 at 5:00pm in the DIFC Conference Centre.
Digg
Facebook
LinkedIn
Twitter
Posted by Nadeen El Ajou
It looks like you are using a Mac - check out our 
Web Feeds