The company 'Ishraq' for Investment will hold an extraordinary general assembly on Friday, December 5, 2025, to file a civil lawsuit against former members of the board of directors. The former board members were responsible for approving the deal to acquire shares in 'Goldilux Investment Company Ltd.', without disclosing that some of those shares were subject to a pledge or liens. According to the company's disclosure to the Abu Dhabi Securities Exchange, the general assembly will also vote to authorize the board of directors to negotiate and reach a settlement agreement in this case.
'The board of directors approved the acquisition of shares in Goldilux Investment Company Ltd., but failed to disclose to the general assembly that some of these shares were pledged. This failure was made during the general assembly held on April 28, 2022,' the company stated.
