LSE Capital Limited entered into a scheme of arrangement to acquire Modaraba Al-Mali (KASE:MODAM) on November 27, 2023. As per the scheme terms, LSE Proptech and Modaraba Al-Mali will be merged into LSE Capital limited. LSE Capital Limited will issue 83 shares for every 100 shares of Modaraba Al-Mali. Upon Scheme being effective, LSE Proptech and Modaraba Al-Mali will be delisted from the exchange. The scheme has been approved by all respective company's board of directors. Scheme is subject to court approval. As of April 8, 2024, the scheme has been approved by the high court.

LSE Capital Limited completed the acquisition of Modaraba Al-Mali (KASE:MODAM) on May 23, 2024.