The National Investor PRJSC

The Chief Executive of the Abu Dhabi Securities Exchange (ADX) issued Resolution No. 474, ordering the suspension of trading for The National Investor PRJSC shares starting from August 15, 2024, until further notice. This decision is in accordance with Articles 10/11 and 38 of the ADX Listing and Disclosure Rules. All ADX departments are instructed to implement this resolution as per their respective functions, and the resolution will be communicated to the relevant company and brokers, becoming effective from the date of issuance, August 13, 2024. The resolution was signed by Abdulla Salem ALNuaimi, the Chief Executive Officer.

The letter, dated August 13, 2024, is addressed to the Disclosures & Compliance Section of the Abu Dhabi Securities Exchange and the Securities and Commodities Authority. It informs them about the approval of a capital reduction for The National Investor PrJSC from AED 285,000,000 to AED 235,000,000, with the AED 50,000,000 reduction amount being returned to shareholders. This decision was made during the company's general assembly on July 12, 2024. The company published a 30-day notice to creditors and received no objections. To complete the legal procedures and obtain approval from the Ministry of Economy, the company needs to amend the Effective Date to August 16, 2024, and the Payment Date to August 26, 2024. The letter is signed by Rami Hurieh, the Managing Director.

The National Investor PrJSC has announced a reduction in its capital from AED 285,000,000 to AED 235,000,000, returning AED 50,000,000 to shareholders as the company does not require it. This decision was approved by shareholders during the general assembly on July 12, 2024. Following this, a notice was published for creditors for 30 days, during which no objections were received. To complete the necessary legal procedures and obtain approval from the Ministry of Economy, the company has amended the Effective Date to August 16, 2024, and the Payment Date to August 26, 2024.

The Chief Executive Officer of the Abu Dhabi Securities Exchange (ADX), Abdulla Salem AlNuaimi, issued Resolution No. 471, which mandates the suspension of trading for The National Investor PRJSC shares starting from August 13, 2024, until further notice. This decision is in accordance with Articles 10/11 and 38 of the ADX Listing and Disclosure Rules. All ADX departments are instructed to implement this resolution, and it will be circulated to the respective company and brokers, becoming effective from the issuance date of August 12, 2024.

The National Investor PrJSC held its General Assembly Meeting electronically on 12 July 2024 from 11:00 am to 11:40 am. The board members present were Chairman Mr. Saeed Mohamed Hasan Almasoud, Vice Chairman Mr. Tariq Khalil Dawood Badran Al Karaeen, and members Mr. Mohammed Abdulla Juma Alqubaisi, Mr. Mohammed Abdulla Almazrouei, and Mr. Madhav Vithal Nayak. The agenda items approved included: the sale of a real estate asset on Al Reem Island valued at 10.1% of the company's share capital to a related party; the proposal to decrease the company's share capital by canceling 50 million shares and amending the company's Memorandum of Association; and authorizing the Chairman or CEO to implement these decisions.

The National Investor PrJSC held its General Assembly Meeting electronically on July 12, 2024, from 11:00 am to 11:40 am. The Board of Directors included Chairman Mr. Saeed Mohamed Hasan Almasoud, Vice Chairman Mr. Tariq Khalil Dawood Badran Al Karaeen, and members Mr. Mohammed Abdulla Juma Alqubaisi, Mr. Mohammed Abdulla Almazrouei, and Mr. Madhav Vithal Nayak. The meeting agenda included three main items: 1. Approval of a transaction to sell a real estate asset on Al Reem Island, valued at 10.1% of the company's share capital, to a related party. 2. Approval of a proposal to decrease the company's share capital by canceling 50 million shares, returning the value to shareholders, and amending the company's Memorandum of Association. 3. Authorization for the Chairman or CEO to represent the company in approving shareholders' decisions related to the above items and to take necessary measures for their implementation.

Resolution No. (430) of 2024 announces the temporary suspension of trading in the shares of The National Investor PRJSC (TNI) on the Abu Dhabi Securities Exchange (ADX) due to the Annual General Meeting (AGM) scheduled for 11:00 on 12-Jul-2024. Trading will be suspended from 11:00 on that date until ADX receives the AGM results. The resolution mandates all department heads at ADX to implement the suspension and requires the resolution to be circulated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution has been approved by the authorized person and was issued on 20-Jun-2024.

The National Investor PrJSC has received approval from the Ministry of Economy to publish an invitation for a General Assembly meeting. The meeting is scheduled for Friday, 12 July 2024, at 11:00 am (UAE local time). The invitation will be published in two daily newspapers in accordance with the Commercial Companies Law. Attached are the invitation and the agenda for the General Assembly, along with guidance notes on attendance and proxies. The notification was sent to the Abu Dhabi Securities Exchange and copied to Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority. The letter was signed by Mr. Rami Hurieh, Managing Director.

On May 29, 2024, The National Investor PrJSC's Board of Directors held a meeting and recommended an asset disposal transaction involving one of its investment properties, an office floor on Reem Island, Abu Dhabi. The property, valued at AED 28.7 million (10.1% of the company's share capital), is to be sold to Mazrui Real Estate LLC, a related party, for AED 24 million. This transaction is subject to shareholder ratification at the General Assembly and approval from the relevant authority in accordance with Article 34 of the SCA Chairman's Decision No. 3 of 2020 on Corporate Governance of Joint Stock Companies. If approved, the transaction is expected to conclude in Q3 2024.

The National Investor PrJSC has announced that a remote meeting of the Board of Directors will be held on May 29, 2024, at 3:00 pm. The agenda includes discussing a non-binding offer from a related party for the purchase of a company-owned real estate asset, along with other routine business matters. The results of the meeting will be disclosed after it has taken place.