Arab Finance: Qalaa Holdings announced that the debt purchase offer submitted by QHRI shall not include providing the latter any interest on the debt to be purchased from the former as of the day the debt is transferred to QHRI until it is fully paid off, a statement revealed.
QHRI will ensure that all shareholders of Qalaa have an equal opportunity to participate in the debt purchase offer, subject to a cap equal to the share in Qalaa's capital.
No additional benefits will be granted to any shareholder in this regard. Thus, all shareholders will have the ability to vote in the first general assembly regarding the approval of the debt purchase and the second general assembly concerning the capital increase.