ESHRAQ INVESTMENTS P.J.S.C

On 15th January 2024, Eshraq Investments PJSC announced the resignation of its non-executive, non-independent board member, Ajit Vijay Joshi. The resignation was effective immediately and was due to personal reasons. The announcement was signed by the Corporate/Board Secretary, Mohammad Al Bazaieh.

Resolution No. 261 of 2024 temporarily suspends trading of the shares of Eshraq Investments P.J.S.C on the ADX. The suspension is due to Eshraq Investments' AGM taking place at 11:00 on 1st February 2024, which coincides with a trading session at ADX. Trading of Eshraq shares will therefore be suspended from 09:00 on 1st February 2024 until the AGM results are received by ADX. All department heads at ADX are responsible for executing this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 11th January 2024.

The Board of Directors of Eshraq Investments PJSC has invited its shareholders to a General Meeting on February 1, 2024. The meeting will be held in person at the company's headquarters in Abu Dhabi or virtually via www.smartagm.ae. Two special resolutions will be considered: the cancellation of the company's share buyback program approved on August 1, 2022, and approved by Abu Dhabi Securities Exchange on October 18, 2023, and reducing the company's share capital by AED 135,147,111 through the cancellation of treasury shares amounting to 135,147,111 shares.

A proposed amendment to Article 6 of the basic system of Ishraq Investment Company will be discussed in the general assembly meeting. The amendment involves a capital reduction. Before the reduction, the company's issued share capital was AED 2,820,433,097, divided into 2,820,433,097 shares, each with a nominal value of AED 1. After the reduction, the company's issued share capital will be AED 2,685,285,986, divided into 2,685,285,986 shares, each with a nominal value of AED 1. All shares are fully paid and equal in rights and obligations. This information is from Abu Dhabi, dated 10/01/2024.

The text is a clarifying disclosure from Eshraq Investments PJSC, based on the requirements of Clauses (1) & (2) of Article (40) of the Governance Guide for Public Joint-Stock Companies. It states that shareholders with the right to attend the general assembly can delegate someone who is not a board member or company employee to attend and vote on their behalf. However, a delegate cannot hold more than 5% of the company's issued capital. The signature on the power of attorney should be approved by a notary public, a commercial chamber, a bank or a company licensed in the state, or any other licensed entity.

The Board of Directors of Eshraq Investments PJSC has invited its shareholders to a General Meeting on February 1, 2024. The meeting will be held in person at the company's headquarters in Abu Dhabi or virtually via www.smartagm.ae. The agenda includes two special resolutions: one to cancel the company’s share buyback program approved on August 1, 2022, and approved by Abu Dhabi Securities Exchange on October 18, 2023; and the second to reduce the company’s share capital by AED 135,147,111 through the cancellation of treasury shares amounting to 135,147,111 shares.

Eshraq Investments PJSC has purchased 150,000 shares as part of its Abu Dhabi Securities Exchange (ADX) approved buy-back program. The decision for the buy-back was made by the company's board of directors on 18/10/2023 and approved by ADX on 24/10/2023. The company was allowed to purchase up to 10% of its total subscribed shares. After the current purchase, the company holds 4.79% of its shares as treasury shares. The remaining unpurchased shares as per the Securities and Commodities Authority (SCA) approval are 146,896,196 shares. The shares were purchased at a price of 0.4450 fils per share on 03/01/2024, with ADIB Securities executing the transactions.

Eshraq Investments PJSC has bought back 30,000 of its shares as part of the Abu Dhabi Securities Exchange (ADX) approved buy-back program, according to a report dated 02/01/2024. The buy-back was decided by the company's Board of Directors on 18/10/2023 and ADX approved the extension of the buy-back on 24/10/2023. The shares were purchased at a price of 0.4460 fils per share, with FAB Securities executing the transactions. After the current purchase, the company holds 4.79% of its shares as treasury shares. There are still 147,046,196 shares unpurchased as per the Securities and Commodities Authority (SCA) approval.

Eshraq Investments PJSC has issued a report detailing their recent share buy-back program approved by the Abu Dhabi Securities Exchange (ADX). The Board of Directors decided on the buy-back on 18/10/2023 and received approval to extend the buy-back on 24/10/2023. The company was approved to purchase 10% of the total subscribed shares. As of 29/12/2023, they have purchased 105,000 shares at a price of 0.4361 fils per share, with FAB Securities executing the transactions. There are still 147,076,196 unpurchased shares as per SCA approval. After the current purchase, the company holds 4.79% of Treasury Shares.

Eshraq Investments PJSC issued a report stating that it has purchased 115,000 shares as part of its Abu Dhabi Securities Exchange approved buy-back program. This decision was made by the board of directors on October 18, 2023, and approved by ADX on October 24, 2023. The shares represent 10% of the total subscribed shares. The transactions were executed by FAB Securities at a purchase price of 0.4188 fils per share. After this purchase, the company holds 4.78% of its shares as treasury shares. There are still 147,181,196 shares unpurchased according to SCA approval.