Amana shareholders hold special session Friday amid investor woes

City residents outside a closed Nakumatt branch. FILE PHOTO | NMG

Asset manager Amana Capital has invited shareholders to an extraordinary general meeting Friday where they are expected to discuss a plan on how to resolve investor losses tied to a commercial paper issued by collapsed retailer Nakumatt.

Amana has stopped its clients from withdrawing their funds after investing a significant chunk of assets under management in Nakumatt.

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