Meeting Date/Time

Monday, November 14, 2022 - 03:00 PM

Type of Meeting

General Assembly

Net Profit/Loss

639,060,000 AED

Cash Dividend

40

Bonus Share

New Issuance

Shares Split

Capital Deduction

Announcements/Resolutions

a.     A. approved, by Special Resolution, the amendments to Article 14 of the Company’s articles of association, subject to obtaining the approval of the Securities &Commodities Authority, as follows:

Prior to amendment:

The Company shall pay dividends on shares to shareholders in accordance with regulations as to trading, clearing, settlement, transfer of ownership and custody securities and the applicable regulations of the Market, and in accordance with the regulations, resolutions and circulars issued by the authority in this regard. The holder of the shares shall have the sole right to the profits due on those shares whether these profits represent dividends or entitlements to part of the Company’s assets incase of its liquidation.

After amendment:

The Company may distribute annual, quarterly, or semi-annual dividends to shareholders from the operating or accumulated profits of the Company.

The Company shall pay dividends on shares to shareholders in accordance with regulations as to trading, clearing, settlement, transfer of ownership and custody securities and the applicable regulations of the Market, and in accordance with the regulations, resolutions and circulars issued by the authority in this regard.

b.    B. Approved, subject to resolution (a), the recommendation of the Board of Directors to distribute the interim cash dividend of AED200 million (4.0 fils per share) for 2022 as pert the Dividend Policy disclosed in the Prospectus.

Last Entitlement Date

Tuesday, November 22, 2022

Ex-Dividend Date

Wednesday, November 23, 2022

Registry Closing (Settlement) Date

Thursday, November 24, 2022

Meeting Venue

Company Offices, Dubai Internet City, Dubai And remotely/electronically