Press releases, Reports & Disclosures for Easy Lease Motorcycle Rental PJSC

The Board of Directors of Easy Lease Motor Cycle Rental PSC will hold a meeting on January 25, 2024, at 3:30 PM via Microsoft Teams. The agenda includes approval of the audited financial statement for the period ended December 31, 2023, discussion about the Annual General Assembly Meeting and agreement on its date and agenda, and other business matters.

EasyLease, a subsidiary of the Abu Dhabi-based International Holding Company, has acquired a 60% stake in Ripe, a company offering a range of services including container and commercial kiosk rentals, food trucks, and advanced management of parking facilities. This acquisition aligns with EasyLease's strategy to expand its portfolio within the mobility sector. The partnership is expected to enhance operational capabilities and customer service standards. The collaboration also allows EasyLease to broaden its service offerings and explore new growth opportunities, both locally and abroad.

On December 13, 2023, Ahmed Mohammed Al Sadah, CEO of Easy Lease Motorcycle Rental PJSC, announced the company's successful acquisition of a 60% stake in Ripe. Ripe is a prominent company in the Emirates that provides a variety of services including container and commercial kiosk rentals, food trucks, and advanced management of parking facilities. The acquisition is expected to enhance Easy Lease's portfolio in the transportation system and allow for expansion both locally and abroad. The transaction was completed following necessary procedures and approvals.

On December 5, 2023, Easy Lease Motor Cycle Rental PJSC announced that it has successfully acquired a 60% stake in Fully Charged, a leading company in manufacturing, supplying, and installing advanced electric chargers for electric vehicles. Fully Charged, which has installed over 5,000 advanced charging devices nationwide, is expected to double this number in the next year by expanding services in the GCC region and North Africa. The acquisition aims to enhance Easy Lease's strategic footprint in sustainable mobility and promote the sustainable growth of the ecosystem. The transaction has been finalized after obtaining necessary approvals.

On November 30, 2023, the Board of Directors of Easy Lease Motor Cycle Rental P.J.S.C issued a resolution. The resolution includes the unanimous approval to elect H.E Matar Suhail Ali Al Yabhouni Aldhaheri as the Chairman of the Board and Mr. Saeed Bin Mohammed Bin Ahmed Alqassimi as the Vice Chairman. The Board Committees were also appointed, with the Audit Committee consisting of three members: Mr. Alwyn Dinesh John Crasta as Chairman, Mr. Saeed Bin Mohammed Bin Ahmed Alqassimi as Vice Chairman, and Mr. Ahmed Salah Al Ddin Abbas, all of whom are Non-Executive, Independent Board Members.

Easy Lease Motor Cycle Rental PJSC announced that its Board of Directors will issue a resolution on November 30, 2023, at 3:00 PM. The resolution will cover the appointment of the Chairman and Vice Chairman for the upcoming term and the appointment of Board committees.

The General Assembly Meeting of Easy Lease Motor Cycle Rental PSC was held on Wednesday, November 22nd, 2023. The meeting, chaired by H.E Mr. Matar Suhail Ali Al Yabhouni Aldhaheri, started at 3:00 pm and ended at 3:30 pm. The meeting, which took place both virtually and physically, was held at the company's head office in Dubai. The quorum of total attendance accounted for 94.51% of the capital.

The Market Operations Surveillance Department of Abu Dhabi Securities Exchange has announced the closure of the nomination period for the Board of Directors membership of Easy Lease Motor Cycle Rental. The closure was effective from 3:00 PM on November 8, 2023. The list of candidates for the upcoming Board election, scheduled for November 22, 2023, has been released. The election will appoint five members to serve on the Board of Directors for a three-year tenure.

The Market Operations Surveillance Department of the Abu Dhabi Securities Exchange has sent out an invitation for the General Assembly meeting of Easy Lease Motor Cycle Rental P.S.C. Copies of advertisements for this meeting, which were published on Oct 28, 2023, in local newspapers "Al Watan" and "Gulf Today", were attached to the invitation. The letter was signed by the CEO, Ahmad Mohammad Al Sadah.