Abu Dhabi Ship Building Co.

On July 2, 2024, Abu Dhabi Ship Building PJSC held a Board of Directors meeting from 10:00 am to 12:00 pm with eight board members present, achieving an 88.89% quorum. During the meeting, the board approved the previous meeting's minutes, the company budget for 2024-2028, and the company policies and procedures. The authorized signatory for these resolutions is CEO David Massey, who signed the document on July 2, 2024.

Abu Dhabi Ship Building PJSC has announced that its Board of Directors meeting No. 2 of 2024 will be held on Tuesday, 02 July at 10 am at the company headquarters. The agenda includes the approval of the previous meeting's minutes, the company budget for 2024-2028, and company policies and procedures.

The General Assembly Meeting of Abu Dhabi Ship Building PJSC was held on Wednesday, 26 June 2024, from 1:00 pm to 1:30 pm, both in person at the company's location in Mussafah Industrial, Abu Dhabi, and virtually. The meeting was chaired by Saeed Salim Hassan Salim Alsuwaidi, a member of the Board of Directors, with a quorum of 52.26% attendance. The meeting approved three special resolutions: related party transactions with Emirates Advanced Research and Technology Holding Company – LLC and Anavia Company, both exceeding 5% of the company's capital, and authorization for the Board of Directors or authorized individuals to represent the company and implement the approved resolutions. The summary was provided by David Massey, Chief Executive Officer.

The General Assembly Meeting of Abu Dhabi Ship Building PJSC took place on June 26, 2024, from 1:00 pm to 1:30 pm. The meeting was chaired by Saeed Salim Hassan Salim Alsuwaidi and had a quorum of 52.26% attendance. The meeting was held both in person at the company's location in Abu Dhabi and virtually. Three special resolutions were approved: a related party transaction with Emirates Advanced Research and Technology Holding Company, a related party transaction with Anavia Company, and the authorization for the Board of Directors or their representatives to implement the special resolutions. The meeting was concluded under the supervision of CEO David Massey.

On May 21, 2024, Abu Dhabi Ship Building PJSC announced a resolution by its Board of Directors to restructure the Human Resources and Nominations Committee. The restructured committee will consist of three members, namely Anas Al Barguthi (Chairman), Khalifa Abushahab (Member), Dr. Najwa Aaraj (Member), and an advisor, Noor Al Sulaimani. The resolution will be presented at the next Board of Directors meeting for recording in the minutes.

On May 22, 2024, the Abu Dhabi Ship Building PJSC announced a restructuring of its Human Resources and Nominations Committee. The Board of Directors issued a resolution on May 22, 2023, to restructure the committee to consist of three members and an advisor. The members include Anas Al Barguthi (Chairman), Khalifa Abushahab (Member), Dr. Najwa Aaraj (Member), and Noor Al Sulaimani (Advisor). The resolution will be presented at the next Board of Directors meeting and recorded in the minutes.

The text refers to the unaudited condensed interim consolidated financial information of Abu Dhabi Ship Building PJSC for the three-month period ending on 31 March 2024.

Resolution No. (415) of 2024 announced the temporary suspension of trading on the shares of Abu Dhabi Ship Building Co. This decision was made as the company failed to submit their Financial Statement. The suspension, starting from 15-May-2024, will continue until further notice. All heads of departments in ADX are instructed to execute this resolution in their respective fields. This resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by an authorized person and issued on 15/05/2024.