Tejoori Limited AGM Statement (5604X)

TIDMTJI

RNS Number : 5604X

Tejoori Limited

11 February 2013

Tejoori Limited

("Tejoori" or the "Company")

AGM Statement

The Board of Tejoori (AIM:TJI), the Dubai-based Shari'a-compliant investment company, announces that at the Company's annual general meeting ("AGM"), held on Saturday 9 February 2013, all the resolutions put forward to the meeting were unanimously passed.

At the AGM, Mr Abdullah Lootah, CEO of the Company, provided the following update on the Company's investment in the Arjan plots in Dubai Land: "Since acquiring the Arjan plots in December 2012, the board has been evaluating options in order to attempt to maximise the value of this investment. This may include selling the plots in their current state or developing the plots before selling them. As part of this evaluation we have held discussions with a highly regarded development company for the potential for them to be the Company's development partner should the Board decide to proceed down this route. We look forward to updating shareholders on our strategy for the Arjan plots in due course."

For further information:

 
 Tejoori Limited                   Tel: +971 4 2839316 
 Abdullah Lootah, CEO              ceo@tejooriltd.ae 
 
 Allenby Capital Limited           Tel: +44 (0)203 328 5656 
  (Nominated Adviser and Broker) 
 Nick Athanas/James Reeve

This information is provided by RNS

The company news service from the London Stock Exchange

END

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