ESHRAQ INVESTMENTS P.J.S.C Additional Disclosure – Update on MCS Conversion in Salama
AI Summary
- Eshraq Investments PJSC executed a Settlement and Conversion Agreement on April 6, 2026, regarding its Mandatory Convertible Sukuk (MCS) in Islamic Arab Insurance Company (Salama).
- Under the agreement, the MCS will be converted into new shares in Salama.
- The issuance of the new Salama shares remains subject to regulatory approval from the Capital Markets Authority and other relevant bodies.
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