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Discussion with Mr. Abdul Rahman Al Mannai (Initial Agreement (Total…
Discussion with Mr. Abdul Rahman Al Mannai
Initial Agreement
Total Payment 700k
300k in bank as working capital
Out of balance 400k personal usage 300k and 100k for capital budget
ID issue, agreed to change to 500k
300k for my personal use
200k for both capital expenses and working capital
After 200k what did we do?
May - Focus of framework
During June without any arrangement we had sat with at least 5 people on principle agreed
As per initial SOS, quarterly performance analysis
ORIGINAL CONCEPT - 700K AGAINST SHARES
ID - Initially it was not told cos, under grace period
Solution
Proceed with working capital and create value
Withdrawal of cash with a time frame
Closed my last office in May 2019
No operational set up
For ID a letter was submitted today to the TOP official