Legal2 Sept 2026, 05:41 pm
Page Industries Faces AED 113.5M Dubai Court Claim
AI Summary
Page Industries Ltd has been served a notice by the Dubai Court regarding a claim initiated by Yellow Flower Trading LLC (YFT). The claim amounts to AED 113,548,160.81 plus 9% annual interest, stemming from disputes over a distribution arrangement in the UAE, allegedly due to unlawful termination. The company is consulting legal counsel to review the notice and contest the claims, which it believes are without merit. This matter is in its preliminary stages, and further updates will be provided as material developments occur.
Key Highlights
- Page Industries faces a significant legal claim in Dubai.
- The claim is for AED 113.5 million plus interest.
- Dispute arises from UAE distribution arrangement termination.
- Company believes claims are meritless and will defend vigorously.
Price Impact
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