The reported ruling is an absentee first-degree court ruling related to a commercial dispute—a ruling that the Company was not notified of and was made without the presence of the Company or its representatives in court. Qalaa Holdings will take the necessary legal actions regarding the ruling and the proper measures against the steps taken by Mr. Ali Bin Hassan Bin Ali Dayekh in this dispute.
Any attempts to subject the name of Qalaa Holdings or its Chairman and Founder, Dr. Ahmed Hassanein Heikal, to media scrutiny shall not deter the Company from taking the necessary legal steps to safeguard its rights and interests and those of its shareholders.
Qalaa also confirms that it has the financial means to uphold whichever ruling that passes in this dispute.
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Previous Qalaa Holdings press releases on this subject and others may be viewed online from your computer, tablet or mobile device at qalaaholdings.com/newsroom
Qalaa Holdings (CCAP.CA on the Egyptian Stock Exchange) is an African leader in energy and infrastructure. Qalaa Holdings builds responsible and sustainable businesses that add value to the economies and societies in which it does business. Formerly known as Citadel Capital, Qalaa Holdings controls subsidiaries in industries including Energy, Cement, Agrifoods, Transportation & Logistics, Mining and Printing & Packaging. To learn more, please visit qalaaholdings.com.
Forward-Looking Statements
Statements contained in this News Release that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of Qalaa Holdings. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Certain information contained herein constitutes “targets” or “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “seek,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Actual events or results or the actual performance of Qalaa Holdings may differ materially from those reflected or contemplated in such targets or forward-looking statements. The performance of Qalaa Holdings is subject to risks and uncertainties.
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