Ahmed Al Kadi Hospital, dissatisfied shareholder

Any other dissatisfied, disadvantaged shareholders of the Durban based Ahmed Al-Kadi Hospital?? (AAKH) Based on the false, deceiving, incorrect and misleading info. given in the 2013 prospectus and pamphlets issued by the then directors, auditors and IMASA/IMABNT, INVESTORS, including many pensioners, purchased shares AS AN INVESTMENT, hoping to earn some dividend income. "The prospectus outlines the investment opportunity like no other" (!!!??) 😭 The hospital was originally scheduled to open in July 2015, but only opened in March 2017!!! Some misleading figures - ("Worst case scenario"): 1) After 2 years 8 months (Feb. 2018) Earnings per share: 60 cents. 2) Another forecast : after 3 years: earnings per share: 75 cents; Dividends per share: 37 cents!!

TO DATE, NOT A CENT HAS BEEN PAID TO SHAREHOLDERS!!!!! IMASA/IMABNT were given 26% of the shares for free*. (May Allah reward & guide them to achieve their humanitarian aims and objectives). (*free shares will indirectly be funded by the 74% ordinary shareholders, when the loan of R130m obtained from Albaraka is repaid from income.) No explanations / apologies to disadvantaged shareholders by management for the sorry state of affairs!. Repeated queries to management regarding the payment of dividends have been IGNORED! Is this: Poor management / planning / budgeting (by professionals!)?? Lack of knowledge & experience in FUNDING a hospital project??

Management of shareholders funds is an "amanah" / "amanat" (Trust).

Please forward to known shareholders of AAKH.