Emirates Driving Company

**Summary:** On June 6, 2024, the Board of Directors of Emirates Driving Company PJSC met from 2:00 p.m. to 3:40 p.m. Four board members were present, achieving an 80% quorum. Key decisions included proceeding with the acquisition of a stake in a domestic company, with details to be disclosed after completing official procedures and negotiations. The board also discussed the company's workflow and project progress. The meeting's resolutions were signed and dated by CEO Mr. Khaled Al Shemeili.

On June 6, 2024, the Board of Directors of Emirates Driving Company PJSC held a meeting from 2:00 p.m. to 3:40 p.m. with four board members present, achieving an 80% quorum. The board agreed to proceed with the acquisition of a stake in a domestic company, with details to be disclosed after completing official procedures and negotiations. Additionally, the board discussed the company's workflow and project progress. The meeting was authorized and signed by CEO Khaled Al Shemeili on June 7, 2024.

Emirates Driving Company (EDC) has received a top AAA ESG rating from MSCI, scoring 9.7 out of 10, the highest in the consumer services industry as of March 2024. This rating reflects EDC's commitment to sustainability, social responsibility, and governance. EDC began its sustainability efforts in 2020 and has since integrated sustainability into its corporate strategy and developed a comprehensive Sustainability Strategy and ESG Governance Framework. In 2023, EDC launched an ESG Transformation Program aimed at achieving Net-Zero emissions by 2050 and addressing broader social impacts. CEO Khaled Al Shemeili highlighted the company's dedication to sustainability and responsible business practices.

On March 27th, 2024, the Emirates Driving Company PJSC held its Annual General Meeting, both physically and virtually, from 01:00 pm to 01:20 pm. The meeting was chaired by H.E. Khalifa Abdulla Al Romaithi. The quorum was 63.30% of the total attendance, all of which were through electronic voting. The assembly approved the Board of Directors' Report, the Auditor's Report, the Company's balance sheet and profit and loss account for the fiscal year ended on 31/12/2023. The proposal for distributing cash dividends by 34% of paid capital, totalling AED 183,164,256, was approved. The assembly also approved the remuneration of the Board of Directors and discharged the members of the board and the auditors for the fiscal year ended on 31/12/2023.

The text refers to the unaudited interim condensed consolidated financial statements of Emirates Driving Company P.J.S.C. as of 31 March 2024.

The text is the Q1 2024 Management Discussion and Analysis Report from Emirates Driving Company P.J.S.C. It is likely to contain information about the company's financial performance, business strategies, market analysis, and future outlook. This document is intended for stakeholders and those interested in the company's financial health and business operations.

On March 27th, 2024, the Emirates Driving Company PJSC held its Annual General Meeting, both physically and virtually, from 1:00 pm to 1:20 pm. The meeting, chaired by Khalifa Abdulla Al Romaithi, had a quorum of 63.30% attendance through electronic voting. During the meeting, the Board of Directors' report on the company's activity and financial position for the fiscal year ending on December 31, 2023, was approved. The Auditor's report for the same fiscal year was also approved. The company's balance sheet and profit and loss account for the fiscal year were approved. The Board's proposal to distribute cash dividends by 34% of paid capital for the fiscal year, amounting to AED 183,164,256 or 17 fils per share, was approved. Proposals concerning the remuneration of the Board of Directors and discharging the board members and auditors for the fiscal year 2023 were also approved.