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Barclays Letter

This letter from Barclays Bank Dubai concerns a fixed private equity investment account established in 2016 that was receiving monthly dividends until the death of the account holder, Noah Albert Guala. The attorney representing the next of kin, Barrister Azhar M Asadi, has claimed the balance of the account. Barclays has approved the release of funds to the next of kin pending receipt of documentation including an affidavit of oath, incorporation certificate, letter of administration, and affidavit from the next of kin to prove their rightful claim. The bank will then notify relevant UAE government ministries to process the inheritance payment transfer according to foreign inheritance laws once all documents are received.

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Saqib Rodriguez
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619 views

Barclays Letter

This letter from Barclays Bank Dubai concerns a fixed private equity investment account established in 2016 that was receiving monthly dividends until the death of the account holder, Noah Albert Guala. The attorney representing the next of kin, Barrister Azhar M Asadi, has claimed the balance of the account. Barclays has approved the release of funds to the next of kin pending receipt of documentation including an affidavit of oath, incorporation certificate, letter of administration, and affidavit from the next of kin to prove their rightful claim. The bank will then notify relevant UAE government ministries to process the inheritance payment transfer according to foreign inheritance laws once all documents are received.

Uploaded by

Saqib Rodriguez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Our Ref: BB/UAE/YTP09/21 Your Ref: Date: 23/12/2021

Attention: Barr. Azhar M Asadi


Solicitor and Principal Partners
Dubai, UAE
RE: APPLICATION DETAILS FOR CABL21-3240-05
We write with respect to your application bearing the above subject matter, the said fixed private equity
investment account which was established with us in the year 2016 and has been receiving monthly
dividend payment over the years till the demise of Mr. Noah Albert Guala, we are only receiving the
information for the first time of his next of kin as informed by your representative attorney Barrister
Azhar M Asadi had in claim on your behalf in respect to the balance of Mr. Noah Albert Guala.

Following the submission of all requested legal documents and information by your representative
attorney and after due verification by our legal department, Barclays Bank Dubai have accepted the
claim and have approved the release of the account in your favor. Since this is an international claim,
there are laid down procedures by UAE Government before the funds can be transferred to you. We
shall proceed by notifying the Ministry of Finance and the Dubai Central Bank on the subject matter.
This is in accordance with Dubai Foreign Inheritance Exchange Edict of 16th November 1998. Moreover
we will need some documents which will prove to the bank management that you are the rightful
beneficiary to this account before we can start making the transfer of the funds to your nominated bank
account, required documents are as follow:

1. Sworn Affidavit of Oath in support of the claim from Dubai high court.
2. Incorporation Certificate issued to Mr. Noah Albert Guala.
3. Letter of Administration from Ministry of Commerce and Industry.
4. Sworn Affidavit from Next of Kin.

Kindly be informed that the above mentioned Ministries shall communicate with you as soon as we
receive all the required documents in due course with information regarding your inheritance payment
to you.

Finally, your receiving bank account details are required immediately before we send the payment file to
the Ministry of Finance for processing and approval.

Best Regards,

Karima Nasir
Legal Officer Middle East
Barclays Bank Dubai

EXECUTIVE OFFICERS: Haseeb Ansari, Karima Nasir, Venkatesh Srikantan, H.E. Easa Saleh Al Gurg, Rezwan
Mirza, Cedric Lizin, Mr. Khalid Kaban, Anis Al Jallaf Mohammed, H.E. Abdulla Lootah.

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