ESHRAQ INVESTMENTS P.J.S.C

Resolution No. 272 of 2024 has temporarily suspended trading of ESHRAQ INVESTMENTS P.J.S.C shares on ADX. The suspension is due to the company's AGM taking place at the same time as the trading session on 8th February 2024. Trading will be halted from 09:00 on that day until the AGM results are received by ADX. The resolution instructs all department heads at ADX to execute this decision in their respective fields and circulate the resolution to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 1st February 2024.

The Abu Dhabi Securities Exchange has disclosed the appointment of a new board member for Eshraq Investments PJSC. Mr. Wafik Ben Mansour, a non-executive and non-independent member, was appointed on 19/01/2024. His membership will end on the date of the General Assembly which will meet to elect a new Board of Directors for the company during the discussion of the financial results for the year 2023. The appointment will be confirmed at the next General Assembly.

On January 19, 2024, the Board of Directors of Eshraq Investments PJSC will pass a resolution to accept the resignation of Mr. Ajit Joshi from the Board of Directors and appoint his replacement. The resolution will be passed at 08:00. The information was disclosed by Mohammad Al Bazaieh, the Corporate – Board Secretary.

On 15th January 2024, Eshraq Investments PJSC announced the resignation of its non-executive, non-independent board member, Ajit Vijay Joshi. The resignation was effective immediately and was due to personal reasons. The announcement was signed by the Corporate/Board Secretary, Mohammad Al Bazaieh.

Resolution No. 261 of 2024 temporarily suspends trading of the shares of Eshraq Investments P.J.S.C on the ADX. The suspension is due to Eshraq Investments' AGM taking place at 11:00 on 1st February 2024, which coincides with a trading session at ADX. Trading of Eshraq shares will therefore be suspended from 09:00 on 1st February 2024 until the AGM results are received by ADX. All department heads at ADX are responsible for executing this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 11th January 2024.

The Board of Directors of Eshraq Investments PJSC has invited its shareholders to a General Meeting on February 1, 2024. The meeting will be held in person at the company's headquarters in Abu Dhabi or virtually via www.smartagm.ae. Two special resolutions will be considered: the cancellation of the company's share buyback program approved on August 1, 2022, and approved by Abu Dhabi Securities Exchange on October 18, 2023, and reducing the company's share capital by AED 135,147,111 through the cancellation of treasury shares amounting to 135,147,111 shares.

A proposed amendment to Article 6 of the basic system of Ishraq Investment Company will be discussed in the general assembly meeting. The amendment involves a capital reduction. Before the reduction, the company's issued share capital was AED 2,820,433,097, divided into 2,820,433,097 shares, each with a nominal value of AED 1. After the reduction, the company's issued share capital will be AED 2,685,285,986, divided into 2,685,285,986 shares, each with a nominal value of AED 1. All shares are fully paid and equal in rights and obligations. This information is from Abu Dhabi, dated 10/01/2024.