Court Rules in Favor of Shuaa Capital in Labor Claim

Shuaa Capital announced that the Dubai Court has ruled in favor of the company regarding a labor claim amounting to AED 22 million from a former executive board member. The case involves a lawsuit filed last August and the company is preparing to take further legal action against the ex-member.


Court Rules in Favor of Shuaa Capital in Labor Claim

The company 'شعاع كابيتال' announced that the court issued a decision regarding its appeal in the cases filed by a former executive member of the board of directors for a total of 22 million dirhams. The statement mentions: "Accepting the appeal filed by a former executive member of the board of directors regarding the demands for compensation in the amount of 22 million dirhams, we are pleased to inform the shareholders about the court's decision in favor of the company."

In August of last year, 'شعاع كابيتال' reported receiving a notification from the Dubai Labor Court regarding the filing of a lawsuit and the summons to a counter lawsuit against a board member. Not specifying the name of the former member, it shared about his departure from the company a year earlier.