Qalaa Holdings has deposited the equivalent of USD 18.5 million with the Dokki Court, representing the total cheque amounts claimed in the cases pertaining to Mr. Ali Bin Hassan Aldayekh, until such time as final rulings are rendered in these disputes. It should be noted that Qalaa has initiated during the past period several civil claims and criminal cases in relation to this dispute.
Qalaa Holdings has deposited the equivalent of USD 18.5 million with the Dokki Court, representing the total cheque amounts claimed in the cases pertaining to Mr. Ali Bin Hassan Aldayekh, until such time as final rulings are rendered in these disputes.
It should be noted that Qalaa has initiated during the past period several civil claims and criminal cases in relation to 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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