ESHRAQ INVESTMENTS P.J.S.C PRESS RELEASE-Eshraq completes subscription in Salama Mandatory Convertible Sukuk
AI Summary
- Eshraq Investments successfully completed its AED 66.825 million subscription to the Mandatory Convertible Sukuk (MCS) issued by Salama.
- Following the conversion of the MCS into shares, Eshraq’s total shareholding in Salama increased to approximately 24.2% of its issued share capital.
- The newly issued shares are subject to a 12-month lock-up period, restricting their sale or disposal during this timeframe.
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