Anuncio • Jul 06

MAA Group Berhad Serves with a Sealed Copy of A Writ of Summons Dated 3 July 2021 from the Plaintiff

MAA GROUP BERHAD announce that the Company on 5 July 2021 has been served with a sealed copy of a Writ of Summons dated 3 July 2021 from the Plaintiff together with the Notice of Application dated 3 July 2021 and Affidavit in Support of Sarin Sahadev Mohan Swami affirmed on 2 July 2021. The Plaintiff’s claim against the 1st Defendant and 2nd Defendant is inter alia for breach of contract and/or duty of care and/or good faith as lender and/or charge in respect of 132,151,497 ordinary shares in the 5th Defendant held as security and/or by way of charge by the 1st Defendant, and owned at all material times by Plaintiff (“the Shares”), pursuant to a Share Charge dated 20-4-2008 and a Charge Supplement dated 28-10-2015, arising out of and/or in connection with the 1st Defendant’s and/or 2nd Defendant’s sale and/or disposal of the Shares to the 3rd Defendant at below market value and/or at an undervalue, pursuant to a Share Sale and Purchase Agreement entered into between the 2nd Defendant and 3rd Defendant on 22-6-2021 (“Share Sale and Purchase Agreement”) to acquire the Shares, without reasonable or any notice to the Plaintiff, and contrary to and/or in breach of the representations and/or agreement by Abdulla Taleb made for and on behalf of the 1st Defendant and/or 2nd Defendant to the Plaintiff for inter alia the redemption inter alia of the Shares by the Plaintiff (“the Agreement”) and/or giving rise to an estoppel against the sale and transfer of the Shares to the 3rd Defendant. Consequent thereto, the Plaintiff has initiated a Writ of Summons against MAAG seeking: A Declaration that the 1st Defendant and/or 2nd Defendant are in wilful default and/or in breach of duty in law of their duties as lender and/or chargee, in respect of the sale, disposal and/or dealings with the Shares; A Declaration that 1st to 4th Defendants have acted in concert and/or have conspired to cause disadvantage and/or unfair prejudice and/or oppression to the minority shareholders of the 5th Defendant and the Plaintiff; A Declaration that the 4th Defendant was in conflict of his duties and his interest, which resulted in prejudice and detriment to the Plaintiff; A Declaration that the sale of the Shares in the 5th Defendant by the 1st Defendant and/or 2nd Defendant to the 3rd Defendant on or about 22-6-2021 is null, void, invalid and/or rescinded; A Declaration that the transfer of the Shares in the 5th Defendant from the 1st Defendant and/or 2nd Defendant to the 3rd Defendant on or about 22-6-2021 is null, void, invalid and/or rescinded; An Order that the registration and/or instrument recording the sale and/or transfer of the Shares from the 1st Defendant and/or 2nd Defendant to the 3rd Defendant in the Register of Members of the 5th Defendant be cancelled; Alternatively, an Order that:-a) the Register of Members of the 5th Defendant be rectified within seven (7) days from the date of this Order, to reverse the sale of the Shares of the 5th Defendant by the 1st Defendant and/or 2nd Defendant to the 3rd Defendant; and b) the Register of Members of the 5th Defendant be rectified within seven (7) days of the date of this Order, to delete the registration of the Shares in the name of the 3rd Defendant. An Order for the specific performance of the Agreement between the 1st Defendant and/or 2nd Defendant and the Plaintiff, for the redemption of the Shares and all other shares and/or security offered by the Plaintiff to the 1st Defendant and/or 2nd Defendant for the facility granted to the Plaintiff; An Order that the transfer of the Shares from the 1st Defendant and/or 2nd Defendant to the 3rd Defendant in the Record of Depositors of the 5th Defendant and instruments recording such sale and/or transfer be cancelled; An Order that the 3rd Defendant, whether by themselves, their directors, officers, servants and/or agents or otherwise howsoever, be restrained and an injunction be granted restraining them from selling, transferring, pledging, exercising any rights including voting rights, or howsoever dealing with the Shares in the 3rd Defendant’s name; An Order that the 3rd Defendant, whether by themselves, their directors, officers, servants and/or agents or otherwise howsoever, be restrained and an injunction be granted restraining them from taking steps in any manner whatsoever under the Notice of Unconditional Mandatory Take-Over Offer to acquire shares in the 5th Defendant other than the Shares; An Order that the 1st Defendant and the 2nd Defendant, whether by themselves, their directors, officers, servants and/or agents or otherwise howsoever, be restrained and an injunction be granted restraining them from exercising any and/or all rights of sale, disposal, assignment and/or enforcement howsoever, over all other shares and/or assets taken as security for the facility granted to the Plaintiff. An Order that the Shares be transferred and registered in the Plaintiff’s name; Damages against all Defendants; Interest on damages payable by the Defendants at such rate and for such period as this Honourable Court deems fit; Costs; and Such other orders and relief that this Honourable Court deems fit. The application is fixed for hearing on 7 July 2021 by way of e-review. The Company is seeking legal advice in respect of this matter and will make the necessary announcement as and when there are further developments in relation thereto.

Porcentaje del salario del CEO	n/a
Permanencia del CEO	1.9yrs
Participación del CEO	n/a
Permanencia media de la dirección	sin datos
Promedio de permanencia en la Junta Directiva	10.2yrs

Nombre	Posición	Permanencia	Compensación	Propiedad
Juma Hasan Abul	Executive Director	2.3yrs	US$21.00k	sin datos
Tunku Khyra	Independent Non-Executive Director	20yrs	US$27.30k	0.0037% AED 14.0k
Amr Al Faisal Al-Saud	Non-Executive Chairman of the Board	16.5yrs	US$21.00k	0.0037% AED 14.0k
Amani Bouresli	Independent Non-Executive Director	10.2yrs	US$33.60k	sin datos
Osama Mohammed Bahar	Member of Sharia Supervisory Board	10.2yrs	sin datos	sin datos
Elham Ebrahim Hasan	Independent Non-Executive Director	8.2yrs	US$33.60k	sin datos
Abdullah Al Manee'a	Chairman of Sharia Supervisory Board	10.2yrs	sin datos	sin datos
Nedham Mohammed Yaqouby	Member of Sharia Supervisory Board	10.2yrs	sin datos	sin datos
Mohsin Al-Asfoor	Member of Sharia Supervisory Board	10.2yrs	sin datos	sin datos
Mohamed Abdullah El Khereiji	Non-Executive Director	8.6yrs	US$21.00k	sin datos

Datos	Última actualización (huso horario UTC)
Análisis de la empresa	2026/05/07 09:29
Precio de las acciones al final del día	2026/05/07 00:00
Beneficios	2025/12/31
Ingresos anuales	2025/12/31

Paquete	Datos	Marco temporal	Ejemplo Fuente EE.UU. ^*
Finanzas de la empresa	10 años	Cuenta de resultados Estado de tesorería Balance	Formulario SEC 10-K Formulario SEC 10-Q
Estimaciones del consenso de analistas	+3 años	Previsiones financieras Objetivos de precios de los analistas	Informes de análisis Blue Matrix
Precios de mercado	30 años	Precios de las acciones Dividendos, escisiones y acciones	Datos de mercado ICE Formulario S-1 de la SEC
Propiedad	10 años	Accionistas principales Información privilegiada	Formulario SEC 4 Formulario SEC 13D
Gestión	10 años	Equipo directivo Consejo de Administración	Formulario SEC 10-K Formulario SEC DEF 14A
Principales avances	10 años	Anuncios de empresas	Formulario SEC 8-K

Analista	Institución
Jaap Meijer	Arqaam Capital Research Offshore S.A.L.
Jithesh Gopi	SICO

Ithmaar Holding B.S.C Dirección

Dirección controles de criterios 1/4

Información clave

Actualizaciones recientes de la dirección

Ithmaar Holding B.S.C., Annual General Meeting, Mar 29, 2026

Ithmaar Holding B.S.C. Announces Board Appointments

Ithmaar Holding B.S.C., Annual General Meeting, Mar 24, 2025

Ithmaar Holding B.S.C, Ithmaar Bank and Ib Capital Announces the Appointment of Maysan Faisal Almaskati as the Chief Executive Officer

Ithmaar Holding B.S.C. Announces the Resignation of Abdulla Abdulaziz Taleb as Chief Executive Officer, Effective 14 April 2024

Ithmaar Holding B.S.C., Annual General Meeting, Mar 25, 2024

Recent updates

Ithmaar Holding B.S.C. to Report Q1, 2026 Results on May 13, 2026

Ithmaar Holding B.S.C., Annual General Meeting, Mar 29, 2026

New minor risk - Profit margin trend

Ithmaar Holding B.S.C. to Report Fiscal Year 2025 Results on Feb 11, 2026

Ithmaar Holding B.S.C. to Report Q3, 2025 Results on Nov 12, 2025

New minor risk - Earnings quality

Ithmaar Holding B.S.C. to Report Q2, 2025 Results on Aug 03, 2025

New minor risk - Market cap size

New minor risk - Earnings quality

New minor risk - Profit margin trend

New minor risk - Share price stability

Ithmaar Holding B.S.C. Announces Board Appointments

Ithmaar Holding B.S.C. to Report Q1, 2025 Results on May 14, 2025

Ithmaar Holding B.S.C., Annual General Meeting, Mar 24, 2025

Ithmaar Holding B.S.C. to Report Fiscal Year 2024 Results on Feb 13, 2025

New major risk - Revenue and earnings growth

Ithmaar Holding B.S.C. to Report Q3, 2024 Results on Nov 13, 2024

Ithmaar Holding B.S.C. to Report Q2, 2024 Results on Aug 13, 2024

Ithmaar Holding B.S.C, Ithmaar Bank and Ib Capital Announces the Appointment of Maysan Faisal Almaskati as the Chief Executive Officer

New minor risk - Market cap size

Ithmaar Holding B.S.C. to Report Q1, 2024 Results on May 14, 2024

Ithmaar Holding B.S.C. Announces the Resignation of Abdulla Abdulaziz Taleb as Chief Executive Officer, Effective 14 April 2024

Ithmaar Holding B.S.C., Annual General Meeting, Mar 25, 2024

Ithmaar Holding B.S.C. Announces Appointment of Juma Hasan Ali Abul as an Executive Director

Ithmaar Holding Announces the Resignation of the Board Member, Mohammed Bucheeri

Ithmaar Holding B.S.C. to Report Fiscal Year 2023 Results on Feb 13, 2024

Ithmaar Holding B.S.C. to Report Q3, 2023 Results on Nov 13, 2023

Ithmaar Holding B.S.C. to Report Q2, 2023 Results on Aug 13, 2023

First quarter 2023 earnings released: US$0.001 loss per share (vs US$0.002 loss in 1Q 2022)

Insufficient new directors

Full year 2022 earnings released: US$0.008 loss per share (vs US$0.013 profit in FY 2021)

Ithmaar Holding B.S.C. to Report Fiscal Year 2022 Results on Feb 13, 2023

Third quarter 2022 earnings released: EPS: US$0.006 (vs US$0.001 loss in 3Q 2021)

Insufficient new directors

Ithmaar Holding B.S.C. Announces Board Appointments

Ithmaar Holding B.S.C. to Report Nine Months, 2022 Results on Nov 13, 2022

Ithmaar Holding B.S.C. Announces Changes in Executive Management

Second quarter 2022 earnings released: EPS: US$0.001 (vs US$0.002 loss in 2Q 2021)

Insufficient new directors

Ithmaar Holding B.S.C. to Report Q2, 2022 Results on Aug 08, 2022

High Court of Malaya At Kuala Lumpur Civil Suit No. Wa-22Ncc-295-07/2021: Empire Holdings Ltd Vs Ithmaar Development Company Ltd Ithmaar Bank B.S.C., Maag, Tunku Dato' Yaacob Khyra and Turiya Berhad

First quarter 2022 earnings released: US$0.002 loss per share (vs US$0.003 profit in 1Q 2021)

Insufficient new directors

MAA Group Berhad Announces Material Litigation Update

Ithmaar Holding B.S.C. to Report Q1, 2022 Results on May 09, 2022

Ithmaar Holding B.S.C., Annual General Meeting, Mar 16, 2022

Maa Group Berhad Provides Update on Legal Case

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Al Salam Bank B.S.C. (BAX:SALAM) agreed to acquire Consumer Banking Business and unknown stake in Bank of Bahrain and Kuwait/Solidarity Group Holding from Ithmaar Holding B.S.C. (BAX:ITHMR).

MAA Group Berhad Announces Material Litigation Update

Third quarter 2021 earnings released: US$0.001 loss per share (vs US$0.001 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.002 loss per share (vs US$0.007 profit in 2Q 2020)

MAA Group Berhad Serves with a Sealed Copy of A Writ of Summons Dated 3 July 2021 from the Plaintiff

Ithmaar Holding B.S.C., Annual General Meeting, Mar 28, 2021

Ithmaar Holding B.S.C. to Report Fiscal Year 2020 Results on Feb 13, 2021

Ithmaar Holding B.S.C. to Report Q3, 2020 Results on Nov 12, 2020

Ithmaar Holding B.S.C. to Report First Half, 2020 Results on Aug 20, 2020

Ithmaar Holding B.S.C. to Report Q1, 2020 Results on May 14, 2020

CEO

Miembros de la Junta

Análisis de la empresa y estado de los datos financieros

Fuentes de datos

Modelo de análisis y copo de nieve

Métricas industriales y sectoriales

Fuentes analistas