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Clarification on Social Media News

Date : 21-03-2024

This is in reference to the above subject, and the requirements in article (4-4) of the fourth chapter of Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No 7 of 2010 regarding the establishment of the Capital Markets Authority and regulating securities activities and their amendments, 

In regard to news recently circulating on one of the social media platforms  “Snap Chat” regarding one of the Al Imtiaz Investment Group Company (“AIIG”) assets recorded in its financial statements AIIG hereby confirms its commitment to all applicable disclosure instructions in this regard. 

AIIG would also like to confirm that the assets recorded in the Company’s financial statements, which are disclosed on a periodic basis, are reviewed, and evaluated by expert external parties. The Company’s financial statements are also audited and verified by the Company's auditors.

 


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