GMFA Global Mena

 

TIDMGMFA 
 
RNS Number : 3913E 
Global MENA Financial Assets Ltd 
18 December 2009 
 

18 December 2009 
 
 
GLOBAL MENA FINANCIAL ASSETS LIMITED 
Result of EGM 
Global MENA Financial Assets Limited (the Company) is pleased to announce the 
results of the Extraordinary General Meeting of the Company held today, 18 
December 2009 (the EGM). 
Results of EGM 
As set out in the announcement made by the Company on 23 November 2009, the 
purpose of the EGM was to approve, by way of ordinary resolution (the 
Resolution), the acquisition by the Company, through its indirect subsidiary, 
Financial Assets Bahrain W.L.L (FAB), of 49 per cent. of the shares of KD100 
each in the capital of Twenty Fourth Project Management Company W.L.L., pursuant 
to the terms and conditions contained in the sale and purchase agreement dated 
23 November 2009 between FAB, Global Investment House K.S.C.C., and Twenty 
Fourth Project Management Company W.L.L. (the Transaction). 
 
 
The Company is pleased to announce that the Resolution, as set out in the Notice 
of EGM circulated to shareholders on 23 November 2009, was duly passed on a 
poll. 
Details of the votes received are as follows: 
 
+-----------+------------+-----------+-----------+-----------+ 
|           | For                    | Against               | 
+-----------+------------------------+-----------------------+ 
|           | Number     | %         | Number    | %         | 
+-----------+------------+-----------+-----------+-----------+ 
|           | 60,290,393 | 90.20     | 6,553,040 | 9.80      | 
+-----------+------------+-----------+-----------+-----------+ 
 
 
The Company expects that the regulatory procedures in Kuwait relating to the 
Transaction will be completed in January 2010 and the Transaction will complete 
thereafter. 
 
 
For information please contact: 
Alison Bilham 
HSBC Security Services (Guernsey) Limited 
 T: +44 (0)1481 707 
213 
Financial Dynamics    +44(0) 207 269 7114 
Ed Gascoigne-Pees 
Nick Henderson 
 
 
Notes to Editors 
About Global MENA Financial Assets Limited 
Global MENA Financial Assets Limited ("GMFA") is a Guernsey incorporated 
investment company formed on 2 June 2008 to make attractive absolute gains 
through investment in a diversified portfolio of financial sector assets focused 
predominantly in the MENA region (including Turkey). 
www.gmfa.com 
About Global Capital Management Ltd. 
Global Capital Management Ltd. is the wholly-owned subsidiary of Global 
Investment House K.S.C.C. The investment manager has one of the largest private 
equity teams in the MENA region. The team is organised into transaction, due 
diligence and organisational development and monitoring subgroups. The members 
of the private equity team have diverse sector and geographic experience in 
countries across the MENA and other emerging markets. The team collectively 
maintains a broad network of institutional relationships within the regions 
targeted for investments by GMFA. The private equity team currently manages 
assets of more than US$3 billion. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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