Economy Local March 10, 2025

Initial Bond Issuance of 267.1 Million Dirhams Approved

Shuaa Capital's board has approved the issuance of convertible bonds totaling 267.1 million dirhams, with expected issuance by March 18, 2025, pending final approval.


Initial Bond Issuance of 267.1 Million Dirhams Approved

The Shya Capital company plans to release bonds for a total of 267.1 million dirhams for current bondholders. The Board of Directors approved the planned issuance date of these bonds on March 18, 2025, provided that final agreements are reached with the regulatory body and other parties related to these business matters.

It is proposed that the total amount of the new bond issuance for investors will range from 85 million to 150 million dirhams. The bond issuance plan was approved with the necessary amendments and proposes to obtain final authorization from the financial regulator.