UAE Update - 21st May 2021

The advisors to Best Asset Management in the UAE have reported that the Expert Statement to the Court has now been submitted in the UAE.  We have yet to see a copy of this report and its recommendations to the Judge.  The Judge will now consider these recommendations before making a ruling, and while we don’t have a precise date for the decision to be delivered, we expect it to be relatively quick now that Eid celebrations have ended and the rest of the week that is traditionally also taken off by many in Dubai, has passed.  Once the outcome has been confirmed and we have a good translation there will be a further communication, first to the directly interested parties, and then out to investors through the correct channels.