Shareholders of UNIKAI Foods rejected all proposed resolutions during the Extraordinary General Assembly held on February 16, 2026.
The rejected resolutions focused on a voluntary conditional cash offer by Al Wafir for Marketing Services K.S.C.C. to acquire a controlling interest of 50% + 1 share up to 51% of the company.
The acquisition offer was valued at AED 6.6 in cash per UNIKAI share.
The company will evaluate its next steps and update the Dubai Financial Market in accordance with applicable regulations.