With reference to the previous announcement dated 15th September 2026, we would like to update the shareholders and the markets that Seef Properties has held its Extraordinary General Meeting on Sunday, 18 October 2026. The independent shareholders voted by majority in favour of, and approved, the whitewash resolution, pursuant to Article 213 of the Commercial Companies Law and TMA-3.1.17 of the Takeover, Merger and Acquisition Module of Volume 6 of the CBB Rulebook.
Accordingly, the transaction with Seef Equity Growth Investment (a company established by GFH Partners Fund Management) for the purchase of a total of 95,088,461 shares, representing 20.67% of the Company’s share capital, was approved. Upon completion of this transaction, Seef Equity Growth Investment will hold an aggregate of 230,330,053 shares, representing 50.07% of the Company’s issued share capital.
GFH will provide additional disclosures on this matter, on an ongoing basis, to ensure compliance with governing laws and regulations.
