Dispute Arises Between Ishraq and Shuaa Capital

A dispute has erupted between Ishraq Investments and Shuaa Capital over the accuracy of financial disclosures related to mandatory convertible bonds, with both companies denying agreement on subscription terms.


Dispute Arises Between Ishraq and Shuaa Capital

Ishraq Investment denies its consent to participate in the underwriting of the obligations referenced in the shares and asserts that it has not entered into any agreements regarding this account. As reported, a conflict has arisen between Ishraq Investment and Shaheen Capital regarding the accuracy of the financial reporting related to the obligations referenced in the shares. Shaheen Capital confirms its compliance with transparency and the provisions related to obligations.

The organization confirms that in the information published by Shaheen Capital on March 12, 2025, related to the obligations referenced in the shares, there is no inaccuracy.