Key Quantitative Figures

  • Claim amount: AED 113,548,160.81
  • Interest rate: 9% per annum
  • Interest accrual start date: 10 October 2025

Dates of Action

  • Disclosure date: 02 September 2026
  • Notice served date: 02 September 2026 ("today")
  • Alleged unlawful termination date: 10 October 2025

Parties Involved

  • Claimant: Yellow Flower Trading LLC (YFT), Dubai
  • Court: Dubai Court

Nature of Dispute

The dispute arises from the parties' distribution arrangement in the United Arab Emirates (UAE). The claim is based on alleged unlawful termination of the distribution arrangement.

Company Response and Status

  • The company is reviewing the notice in consultation with its legal counsel
  • Taking appropriate legal steps to contest the claims
  • Based on preliminary assessment, the company believes the claims are without merit
  • Intends to vigorously defend its interests in the proceedings
  • Matter is currently at a preliminary stage