aimia inc cautions its investors that its largest shareholder mithaq capital spc has been engaging in solicitation activities to further its own agenda last week mithaq capital spc a saudi arabiabased family office which owns about 199 of the montrealbased investment holding companys stock said it would vote against the reelection of its board of directors at the annual general meeting on april 18 citing a loss of confidence in the current board and management in particular mithaq had previously raised concerns with aimia regarding capital allocation decisions relating to acquisitions on tuesday aimia said mithaq is trying to gain control of its cash for the purpose of investing in the securities of public companies that mithaq currently holds and warned its shareholders not to engage with the shareholder mithaq on monday said it had received a number of unsolicited expressions of support from other shareholders who have stated their intention to vote with them against the current aimia board aimia said it will use all legal options available and will provide further updates in due course