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Eshraq's Goldilocks acquisition nears completion with SCA certificate

August 5, 2022
finance & economy

Investment company says it has received certificate from markets regulator

Eshraq Investments has announced receipt of a certificate from the Securities & Commodities Authority (SCA) bringing it a step closer to completing the acquisition of Shuaa Capital’s Goldilocks Fund.

The Abu Dhabi-listed company said it had received the certificate from the UAE markets regulator regarding the amendment of the clause of the capital in the memorandum of association in execution of the acquisition.

“Eshraq expects to complete the decrease of the capital and the issuance of the new shares in the coming days,” the company said in a statement to Abu Dhabi Securities Exchange (ADX) today.

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