FOODCO NATIONAL FOODSTUFF PrJSC

On November 15, 2024, Foodco National Foodstuff Co PJSC held a Board of Directors meeting via video conference on Microsoft Teams from 10:00 AM to 11:00 AM. All five board members were present, achieving a 100% quorum. During the meeting, the board approved the previous meeting's minutes and discussed and approved the unaudited financial statement for the period ending September 30, 2024. The company reported a net loss of AED 3.633 million, an improvement compared to a net loss of AED 14.987 million for the same period in 2023. Other operational matters were also discussed, and appropriate decisions were made. The meeting results were documented by Board Secretary Taysir Mokashfi.

Foodco National Foodstuff Co PJSC held a board meeting via Microsoft Teams on November 15, 2024, from 10:00 AM to 11:00 AM. All five board members were present, achieving a 100% quorum. During the meeting, the board approved the previous meeting's minutes and discussed the unaudited financial statement for the period ending September 30, 2024. The company reported a net loss of AED 3.633 million, an improvement from the AED 14.987 million net loss for the same period in 2023. Other operational matters were also discussed, and appropriate decisions were made. The meeting was documented by Board Secretary Taysir Mokashfi.

Resolution No. 523 of 2024 announces the temporary suspension of trading for FOODCO NATIONAL FOODSTUFF PrJSC shares on the ADX. This suspension is due to a Board of Directors meeting scheduled for 10:00 on November 15, 2024, which coincides with the trading session. Trading will be halted from 09:00 on November 15, 2024, until the ADX receives the meeting's results. The resolution mandates that all department heads at ADX implement this decision and that it be communicated to the SCA, the concerned company, all ADX departments, and accredited brokers. The resolution has been approved by the authorized person and was issued on November 13, 2024.

Foodco National Foodstuff PJSC, a member of Foodco Holding PJSC, has scheduled a board meeting on Friday, November 15, 2024, starting at 10:00 AM. The agenda includes the approval of the previous meeting's minutes, a review of the unaudited financial statements for the period ending September 30, 2024, and other operational matters. The disclosure is signed by Taysir Mokashfi, the Board Secretary, and dated November 12, 2024.

Foodco National Foodstuff, a private joint stock company, was established in Abu Dhabi, UAE, with commercial license No. CN-1005390 issued on June 5, 2015. The company's Articles of Association and Memorandum of Association were initially dated October 19, 2006, and have been amended several times, most recently on May 13, 2022. These amendments comply with various ministerial resolutions and Federal Law No. 2 of 2015 regarding commercial companies. However, Federal Law No. 32 of 2021, issued on September 20, 2021, repealed the 2015 law and required existing private joint stock companies to update their articles of association accordingly. On April 26, 2022, Foodco's General Assembly approved a new set of Articles of Association to align with the 2021 law. The terms defined in these articles include "Affiliated Company," "Articles," "Board Member/Member," and "Board," each with specific meanings related to the company's governance and operations.

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.