ESHRAQ INVESTMENTS P.J.S.C

Eshraq Investments PJSC held its third Board of Directors meeting for 2024 on 14/05/2024, with all five board members present. The Board approved the minutes of the previous meeting held on 19/03/2024. Mr. Fahad Abdulqader Al Qassim was elected as the Chairman of the Board of Directors, and Mr. Matar Hamdan Al Ameri was elected as the Vice-Chairman. The members of the Board's committees were appointed. The Board also approved the condensed consolidated interim financial information for Q1 2024 and delegated signing authority to the Chairman. Decisions regarding internal administrative and organizational matters were also taken.

Eshraq Investments has released its Q1 2024 financial results, revealing a total net investment value of AED 1.04 billion in its Goldilocks Fund and a decrease in liabilities by approximately AED 400 million. Despite a weaker financial performance due to changes in the Goldilocks Fund's value, the company's finance income rose by 38% year-on-year, with finance costs decreasing by 42%. Eshraq reported a net loss of AED 306.1 million for Q1 2024, largely due to changes in the Goldilocks Fund's value. The company is focusing on portfolio optimization and debt reduction, with plans to announce a refreshed corporate strategy in the coming weeks.

The text appears to be a review report and condensed consolidated financial information for Eshraq Investments PJSC. The report covers the three-month period ending on 31 March 2024.

Eshraq Investments PJSC has announced a Board of Directors meeting scheduled for May 14, 2024, to be held via video and audio conference call. The agenda includes the ratification of minutes from the board meeting held on March 19, 2024, the election of the Chairman and Vice-Chairman, the appointment of board committee members, and the review and approval of the condensed consolidated interim financial information for Q1 2024. Other general business matters will also be discussed. The information was disclosed by Mohammad Al Bazaieh, the Corporate/Board Secretary.

Eshraq Investments PJSC has announced the adjournment of its General Assembly meeting originally scheduled for 24th April 2024 due to lack of quorum. The rescheduled meeting will take place on 30th April 2024 at 1:00 PM, at the Eshraq H.Q in Abu Dhabi. The meeting will also be accessible via audio and video call, and voting will be conducted through E-registration. Regardless of the number of shares present or represented, the adjourned meeting will be considered valid.

Resolution No. 374 of 2024 has temporarily suspended trading of Eshraq Investments P.J.S.C shares on the ADX. The decision, in accordance with Article No. 16 of the Regulations Concerning the Listing of Securities on ADX, is due to the company's AGM coinciding with the trading session at ADX. The suspension will be in effect from 09:00 on 30-Apr-2024 until the AGM results are received by ADX. All department heads at ADX are directed to execute this resolution in their respective fields. The resolution, approved by the authorized person, will be circulated to SCA, the concerned company, all departments at ADX, and all ADX-accredited brokers. The resolution was issued on 24/04/2024.

Resolution No. 373 of 2024 announces the temporary suspension of trading on shares of Eshraq Investments P.J.S.C. The suspension is due to coincide with the company's Annual General Meeting (AGM) scheduled for 13:00 on 24-Apr-2024. Trading in Eshraq shares will be suspended from 09:00 on 24-Apr-2024 until ADX receives the AGM results. The resolution instructs all department heads in ADX to execute this decision in their respective fields. It also mandates the circulation of this resolution to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution has been approved by the authorized person and was issued on 24/04/2024.