FOODCO NATIONAL FOODSTUFF PrJSC

Resolution No. 472 of 2024 concerns the temporary suspension of trading on the shares of FOODCO NATIONAL FOODSTUFF PrJSC. The decision was made because the company did not submit its financial statement. Trading will be suspended starting August 13, 2024, until further notice. The resolution mandates all heads of departments in ADX to execute this decision within their respective fields and requires the resolution to be circulated to the 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 August 13, 2024.

Foodco National Foodstuff Co PJSC held a Board of Directors meeting on 12/08/2024 via Microsoft Teams from 3:30 PM to 4:30 PM with full quorum and five board members present. The meeting approved the previous minutes and discussed and approved the financial statement for the period ending 30/06/2024, noting a net loss of AED 0.612 million compared to a net loss of AED 10.426 million for the same period in 2023. The meeting's results were documented by Board Secretary Taysir Mokashfi.

The text is an official invitation to the shareholders of Foodco National Foodstuff PrJSC to attend the Annual Assembly meeting. The Ministry Of Economy has approved the invitation for the meeting, which is to be held on Friday, April 26, 2024, at 12:00 PM. The meeting will be conducted remotely and personal attendance is also possible. The invitation, including the meeting's agenda, is attached.

The Board of Directors of Foodco National Foodstuff PJSC met via video conference on March 18, 2024. Four board members were present, achieving an 80% quorum. The minutes from the previous meeting were approved, as was the financial statement for the period ending December 31, 2023, which reported a net loss of AED 14.588 million, an improvement from the net loss of AED 18.860 million in the same period of 2022. The Board decided to call for a General Assembly Meeting on April 23, 2024 (subject to MOE approval) and proposed no dividend distribution for the year 2023.

Resolution No. 324 of 2024 temporarily suspends trading of FOODCO NATIONAL FOODSTUFF PrJSC shares on the ADX due to a Board of Directors Meeting scheduled for 12:30 on 18-Mar-2024. The suspension will commence from 09:00 on 18-Mar-2024 until ADX receives the meeting results. The resolution mandates all department heads in ADX to enforce this decision 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 is approved by the authorised person and issued on 13/03/2024.

The Foodco National Foodstuff Co PJSC will hold a meeting on Monday, 18/03/2024, starting at 12:30 PM. The agenda includes approval of previous meeting minutes, discussion and approval of the Financial Statements for the year ended 31/12/2023, setting the AGM date, and discussing a proposal not to distribute any dividends for 2023. Other operational matters will also be discussed. The disclosure was made by the Board Secretary, Taysir Mokashfi, on 12/03/2024.