Meeting Date/Time

Thursday, March 25, 2021 - 03:00 PM

Type of Meeting

General Assembly

Net Profit/Loss

1,895,763 AED

Cash Dividend

15

Bonus Share

New Issuance

Shares Split

Capital Deduction

Announcements/Resolutions

1.     Approved the Board of Directors’ report of the Company'sactivities and its financial position for the fiscal year ended on 31 December2020.

2.     Approved the Auditors’ report for the fiscal year ended on 31December 2020.

3.     Approved the Company’s financial statements along with theprofit and loss statement for the fiscal year ended on 31 December 2020.

4.     Approved the Board of Directors’ recommendation regarding distributionof dividends amounting to AED 0.15 per share for the second half of the year2020, to bring the total dividend pay-out per share for the fiscal year endedon 31 December 2020 to AED 0.28 per share with28% of the nominal value of share.

5.     Discharged the Board of Directors from their liabilities for thefiscal year ended on 31 December 2020.

6.     Approved the policy forpayment of remuneration to the Board of Directors.

7.     Approved the Board of Directorsremuneration of AED 9,608,320 for thefiscal year ended 31 December 2020.

8.    Discharged the external auditors of theCompany from their liabilities for the fiscal year ended on 31 December 2020.

9.     Appointed Deloitte & Touche (M.E) asthe external auditors of the Company for the financial year ending on 31December 2021 forAED 1,478,000 as fees.

10.   Ratified the appointment of the following Board of Directors ofthe Company:

1.    Mr. MohamedAl Hussaini (representing Emirates Communications and Technologies Company LLC)

2.    Mr. Ahmad Julfar(representing Emirates Investment Authority)

3.    H.E SaraMusallam (representing Emirates Investment Authority)

4.    Mr. MohamedAl Shehi (representing Emirates Investment Authority)

5.    Mr. WesamLootah (representing Emirates Investment Authority)

6.    Mr. MalekAl Malek (representing Emirates Communications and Technologies Company LLC)

7.    Mr. AtishGude (representing Emirates Investment Authority)

8.   Ms. HassaBalouma (representing Emirates Investment Authority)

11.    Elected Mr. Khaled Al Qubaisi and Mr. Ziad Galadari as directorsof the Company by the public shareholders for the next term of the Board ofDirectors of the Company.

12.   Approved appointment of Afridi & Angell as two representativesfor a total fee of AED 9,500 per general assembly for the Company’s shareholders toappoint as their representatives to attend future general assembly meetings andvote on behalf of the shareholders.

13.   Passed a special resolution to ratify thevoluntary contributions made to the community by the Company until the year2020 and approved an amount of AED 3,700,000 as voluntary contributions to thecommunity to be made in 2021.

Last Entitlement Date

Wednesday, March 31, 2021

Ex-Dividend Date

Thursday, April 01, 2021

Registry Closing (Settlement) Date

Sunday, April 04, 2021

Meeting Venue

virtual