BRIEF-Eshraq Investments Blocked From Redeeming Goldilocks Shares Due to AED 208 Mln Pledge

Oct 5 (Reuters) – ESHRAQ INVESTMENTS: * SAYS CO'S REQUEST TO FULLY REDEEM ITS SHAREHOLDING IN GOLDILOCKS INVESTMENT COMPANY LIMITED HAS BEEN DECLINED * INVESTMENT MANAGER DISCLOSED THAT A SUBSTANTIAL PORTION OF THE RELEVANT SHARES HAS BEEN PLEDGED TO A LOCAL BANK SINCE 2019, SERVING AS SECURITY FOR CREDIT FACILITIES OBTAINED BY GOLDILOCKS' PREVIOUS OWNERS BEFORE ESHRAQ'S ACQUISITION IN 2022 * THE FINANCIAL EXPOSURE TIED TO THIS PLEDGE IS APPROXIMATELY AED 208 MILLION

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