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27/05/2024
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Date:
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Al Mazaya Holding Co. K.S.C. P
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Name of the listed company
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240760970 34/2024 Commercial Civil Overall Government /12
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Automated Lawsuit number Lawsuit Number
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A lawsuit for appointing an expert includes the following: 1. First: An urgent request to halt the merger by amalgamation between Al Mazaya Holding Company and First Dubai Real Estate Development Company, subject of the disclosure of the results of the Extraordinary General Assembly dated 24/12/2023, until a final binding judgment is issued in the lawsuit. 2. Second: Appointing a tripartite committee of specialized experts to review the Lawsuit documents, examine the elements and details of the lawsuit. 3. Third: A ruling to nullify the minutes of the Extraordinary General Assembly meeting of First Dubai Real Estate Development Company, which includes approval of the merger by amalgamation with Al Mazaya Holding Company, along with the resulting consequences. In all cases, a ruling to obligate the first and second defendants to pay the expenses and actual attorney fees, with the judgment being enforceable immediately.
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Subject of the Lawsuit
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No court verdict has been issued
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The Court Judgement / Verdict date Court circuit
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No court verdict has been issued
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The name of the Court that issued the Judgement / Verdict
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Twelve shareholders of First Dubai Real Estate Development Co. "the merged company" (Plaintiffs) vs First Dubai Real Estate Development "the merged company" (First Defendant), Al Mazaya Holding Company K.S.C.C. "the merging company" (Second Defendant), and others (Defendants)
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Parties of the Lawsuit
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No court verdict has been issued
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The Judgment / Verdict in favor of
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No court verdict has been issued
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Court of First Instance Judgment / Verdict
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No court verdict has been issued
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Court of Appeal Judgment / Verdict
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No court verdict has been issued
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Court of Cassation Judgment / Verdict
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No court verdict has been issued
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The expected financial impact on the company as a result of the Judgment / Verdict
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