
Rose Merc Ltd Signs Consultancy Agreement for Fintech Division
Rose Merc Limited has executed a Consultancy Agreement with Mohammed Hanif Kasim Shaikh to provide business development and marketing services for its Fintech Division. The agreement, effective October 24, 2026, outlines the terms for these services. The consultancy fee will be calculated as an agreed percentage of the net revenue generated by the Fintech Division and any fees received from third parties for future Fintech business operations. The size of the agreement is currently unquantifiable. Mohammed Hanif is identified as a related party, being a promoter and shareholder of a board-controlled subsidiary, Emirates Holding FZ LLC. The transaction is confirmed to be a related party transaction conducted on an arm's length basis.
Key Highlights
- Consultancy agreement signed for Fintech Division's business development.
- Fee structure based on revenue share and third-party fees.
- Agreement size is currently unquantifiable.
- Consultant is a related party; transaction on arm's length basis.
Price Impact
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