The Globe and Mail reports in its Wednesday edition that for the second year in a row, Aimia and investment fund Mithaq Capital SPC are squaring off at the company's annual meeting, this time over strategic direction. The Globe's Jameson Berkow writes that shareholders decide today whether to re-elect Aimia's existing board, or replace one or more of them with a rival slate nominated by Mithaq, which owns 27 per cent of the company. Based in Riyadh, Mithaq is the private investment company for the Al Rajhi family -- founders of the Al Rajhi Bank, the world's largest Islamic bank by market capitalization. The disagreement boils down to a question of private or public: Aimia wants to maintain the investments in private companies made using its half-billion-dollar windfall from selling Aeroplan to Air Canada in 2019, while Mithaq has long insisted buying publicly traded equities would generate better returns. Wednesday's vote caps off a dramatic, multifaceted battle for control of the Toronto company; in early 2023, Mithaq nearly succeeded in ousting the entire Aimia board. Since then, Mithaq tried and failed to acquire the company for $308-million in cash. Mithaq wants to remould the holding company into a hedge fund.