Waha Capital has announced that its Board of Directors has approved entering into a contract with SAAS Properties LLC, a related party, subject to approval from the company’s shareholders.
The Abu Dhabi Securities Exchange-listed investment company confirmed the decision following a Board meeting held on Thursday, October 15, 2026, at 11:00 AM.
According to the official disclosure submitted to the Abu Dhabi Securities Exchange, the Board reviewed certain company investments before approving the proposed agreement with SAAS Properties.
As SAAS Properties is classified as a related party, the proposed transaction will require approval at Waha Capital’s General Assembly before it can proceed.
The company stated that it will begin the necessary procedures to convene a General Assembly meeting after obtaining approval from the Capital Market Authority.
The date of the shareholder meeting will be announced once the required regulatory approvals and procedural requirements have been completed.
The disclosure did not specify the financial value of the proposed contract, the assets involved or the commercial terms of the agreement.
Further details regarding the transaction and its potential financial implications have not yet been disclosed.
The proposed agreement remains subject to shareholder approval and the completion of the applicable regulatory procedures.
Source: Waha Capital
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
