Abu Dhabi National Co. for Building Materials

On 11/07/2024, the Abu Dhabi National Company for Building Materials (BILDCO) held its fourth board meeting of the year. The key decisions made during the meeting included: 1. Approval of the minutes from the third board meeting of 2024. 2. Acceptance of the resignation of Mr. Salah Khamis Al-Junaibi from the Board of Directors and an expression of gratitude for his contributions. 3. Acceptance of Mr. Suhail Al Falasi's apology for not being able to chair the Board of Directors, limiting his role to that of a board member. 4. Appointment of His Excellency Omran Al-Halami as a board member for the remaining term, subject to presentation at the nearest general assembly. 5. Appointment of Omran Al-Halami as Chairman of the Board of Directors by acclamation. 6. Appointment of Rasheed Ali Rasheed Al Omaira as Vice Chairman of the Board of Directors by acclamation. 7. Appointment of Ali Rashid Nasser Al-Amira as Managing Director by acclamation, with financial allocations determined. 8. Maintenance of the current composition, tasks, powers, and financial allocations of the permanent committees of the Board of Directors, and the formation of a risk and business continuity committee. 9. Approval of the Power of Attorney for board members and executive management, including the determination of financial powers and signing rights in banks.

On 8 July 2024, the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange was informed about the Fourth Board Meeting of the year for Abu Dhabi National Company for Building Materials (BILDCO). The meeting is scheduled for Thursday, 11 July 2024, at 14:00 PM. The agenda includes approving the minutes of the third Board of Directors meeting of 2024, reviewing and discussing the formation of the Board of Directors and its committees along with their granted powers, and addressing any other matters.

On July 4, 2024, Abu Dhabi National Company for Building Materials (BILDCO) held a General Assembly meeting from 14:00 to 14:15 at their head office and remotely. The meeting was presided over by Mr. Salah Khamis Saleh Ali Al-Junaibi. The quorum was 51.88% of the capital, with no personal attendance and all participation through electronic voting. The authenticity of electronic votes was 22.88%, and proxy votes accounted for 29.00%.

On July 4, 2024, Abu Dhabi National Company for Building Materials (BILDCO) held a General Assembly meeting from 14:00 to 14:15 PM at the Bildco head office and remotely. The meeting was presided over by Mr. Salah Khamis Saleh Ali Al-Junaibi. The quorum was 51.88% of the total capital, all of which attended through electronic voting. The attendance was divided into 22.88% authenticity and 29.00% proxy. There was no personal attendance.

On May 29, 2024, the Abu Dhabi National Company for Building Materials (BILDCO) held its third board meeting of the year. The following decisions were made: 1. Approval of the minutes from the second board meeting of 2024. 2. Approval of a settlement agreement with First Abu Dhabi Bank concerning debt restructuring and waiver of lawsuits. 3. Approval of a settlement agreement with Abu Dhabi Ports regarding the payment of a debit balance after a 57% discount, debt restructuring, and waiver of lawsuits. 4. Approval to convene a General Assembly in the first week of July 2024 to approve the settlement with First Abu Dhabi Bank, with the Executive Management authorized to set the date after obtaining necessary approvals. The meeting was held at 14:00 PM on May 29, 2024.

On May 29, 2024, the Abu Dhabi National Company for Building Materials (BILDCO) held its third board meeting of the year. The key decisions made include: 1. Approval of the minutes from the second board meeting of 2024. 2. Approval of a settlement agreement with First Abu Dhabi Bank concerning debt restructuring and the waiver of lawsuits. 3. Approval of a settlement agreement with Abu Dhabi Ports regarding the payment of the debit balance, including a 57% discount, debt restructuring, and the waiver of lawsuits. 4. Approval to invite the General Assembly to convene in the first week of July 2024 to approve the settlement with First Abu Dhabi Bank, with the Executive Management authorized to set the date after obtaining necessary approvals. The meeting was held at 2:00 PM on Wednesday, May 29, 2024.

Resolution No. (422) of 2024 outlines the temporary suspension of trading for the shares of Abu Dhabi National Co. for Building Materials (BILDCO). The suspension will begin at 14:00 on May 29, 2024, to coincide with a Board of Directors meeting, and will remain in effect until the Abu Dhabi Securities Exchange (ADX) receives the meeting results. The resolution mandates that all relevant ADX departments execute this decision and that the resolution be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by an authorized person and issued on May 29, 2024.

The Abu Dhabi National Company for Building Materials (BILDCO) will hold its third board meeting of 2024 on Wednesday, May 29, 2024, at 14:00. The agenda includes approving the minutes from the second board meeting of 2024, discussing the developments of legal lawsuits filed by a bank and the results of negotiations, and addressing any other matters.