ESHRAQ INVESTMENTS P.J.S.C

Eshraq Investments PJSC has announced the adjournment of its General Assembly meeting originally scheduled for 24th April 2024 due to lack of quorum. The rescheduled meeting will take place on 30th April 2024 at 1:00 PM, at the Eshraq H.Q in Abu Dhabi. The meeting will also be accessible via audio and video call, and voting will be conducted through E-registration. Regardless of the number of shares present or represented, the adjourned meeting will be considered valid.

Resolution No. 374 of 2024 has temporarily suspended trading of Eshraq Investments P.J.S.C shares on the ADX. The decision, in accordance with Article No. 16 of the Regulations Concerning the Listing of Securities on ADX, is due to the company's AGM coinciding with the trading session at ADX. The suspension will be in effect from 09:00 on 30-Apr-2024 until the AGM results are received by ADX. All department heads at ADX are directed to execute this resolution in their respective fields. The resolution, approved by the authorized person, will be circulated to SCA, the concerned company, all departments at ADX, and all ADX-accredited brokers. The resolution was issued on 24/04/2024.

Resolution No. 373 of 2024 announces the temporary suspension of trading on shares of Eshraq Investments P.J.S.C. The suspension is due to coincide with the company's Annual General Meeting (AGM) scheduled for 13:00 on 24-Apr-2024. Trading in Eshraq shares will be suspended from 09:00 on 24-Apr-2024 until ADX receives the AGM results. The resolution instructs all department heads in ADX to execute this decision in their respective fields. It also mandates the circulation of this resolution to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution has been approved by the authorized person and was issued on 24/04/2024.

Eshraq Investments PJSC has announced the names of the candidates shortlisted for the election to its Board of Directors. The candidates were selected by the Nomination and Remuneration Committee based on the requirements set in the Nomination Policy of Eshraq, the Commercial Companies Law, and the Resolution of the Chairman of the SCA. The candidates include Fahad Abdulqader Al Qassim, Matar Hamadan Sultan Hamad Al Ameri, Wafiq Ben Mansour, Maha Abdul Majeed Ismaeel Ali Alfahim, and Jacques Elias Fakhouri.

The text is a clarification regarding the approval of proxies according to clauses 1 and 2 of Article 40 of the Corporate Governance Manual. It states that shareholders with the right to attend the general assembly may delegate someone who is not a board member or staff of the company, or a securities brokerage company or its employees. The delegate should not represent more than 5% of the company's issued capital. The signature of the shareholder on the power of attorney must be approved by a notary public, a commercial chamber or economic department in the state, a bank or company licensed in the state, or any other entity licensed to perform attestation works.

The Board of Directors of Eshraq Investments PJSC has invited its shareholders to attend the annual general assembly meeting on April 24, 2024. The meeting can be attended virtually or in person at the Eshraq headquarters in Abu Dhabi. The agenda includes a special resolution to amend Article 38 of the company's Articles of Association. The amendment relates to remunerations of the Chairman and Directors, which shall not exceed 10% of the net profit for the fiscal year. The company may also pay additional expenses, fees, bonuses, or a monthly salary to board members if they work in any committee or exert special efforts for the company. However, it is not permissible to pay an attendance allowance to the Chairman or Directors for attending board meetings.

Eshraq Investments Company (PJSC) has announced the opening of nominations for membership of its Board of Directors. The nomination period will run from 29/03/2024 to 8/4/2024. Interested shareholders who meet the eligibility criteria can apply for board membership at the company's headquarters in AlReem Island, Abu Dhabi. The board will elect five members. Candidates must have an academic background in corporate finance, investment management, accounting, or economics, and extensive leadership experience in diverse industries. They must not have been previously convicted of a criminal offense or dismissed from a board of a listed company in the year prior to nomination.