Press releases, Reports & Disclosures for Emirates Investment Bank PJSC

Emirates Investment Bank has announced the opening of nominations for its Board of Directors. The nomination period will run from 8th to 18th April 2024. Interested shareholders who meet the nomination conditions can apply for Board membership by submitting an application to the bank's head office. The board will consist of seven members and candidates cannot withdraw their nomination after the closing date. The list of candidate names and nomination details will be published on the company's website and head office bulletin board on 19th April 2024. The Securities and Commodities Authority and the Market will also receive a list of candidates' names after the nomination period ends.

The Board of Directors of Emirates Investment Bank PJSC has invited all shareholders to the Annual General Meeting on Tuesday 30 April 2024, at the Bank's head office in Dubai or via Zoom. The agenda includes reviewing and approving the Bank's activities and financial position for the year ended 31 December 2023, discussing and approving the balance sheet and profit and loss statements for the same year, considering the proposal not to distribute dividends, and electing new board members for the period 2024-2027. Shareholders can attend in person, delegate someone else, or attend remotely. The meeting will only be valid if attended by shareholders representing at least 50% of the Bank's capital.

Emirates Investment Bank has opened nominations for its Board of Directors membership. The nomination period will run from 4th to 14th March 2024. Interested shareholders who meet the nomination conditions can apply for membership in the roles of executive, non-executive, or independent member. The board will consist of seven members. The bank has set certain conditions for nominations as per Decree Federal Law No. (32) of 2021 and the Chairman of Authority’s Board of Directors’ Decision no. (3 / Chairman) of 2020. After the nomination period ends, candidates cannot transfer their nomination to another person. The list of candidates will be published on the company's website and its head office on 15th March 2024.

The Board of Directors of Emirates Investment Bank PJSC has invited all shareholders to the Annual General Meeting on Tuesday 26 March 2024 at 11:30 AM at the bank's head office in Dubai, or through a remote video connection via Zoom. The agenda includes reviewing and approving the bank's activities, financial position, and auditors' report for the financial year ending 31 December 2023. The meeting will also consider the proposal not to distribute dividends for the financial year 2023, blocking the remuneration of board members, discharging the board members and auditors from their liabilities, appointing auditors for the financial year 2024, electing board members for the period 2024-2027, and approving the appointment of shareholders' representatives. Shareholders can delegate a representative to attend the meeting. The meeting will be held valid if attended by shareholders who own or represent at least 50% of the bank's capital. If this quorum is not met, a second meeting will be held on 02 April 2024.