Aram Group

The ESG Report 2023 discusses various topics related to environmental, social, and governance (ESG) issues. The report emphasizes the importance of sustainability, clean energy, green building, and renewable sources. It also addresses the role of stakeholders and the impacts of carbon emissions and climate change. The report further highlights the potential of solar energy for a better future.

Resolution No. 321 of 2024 temporarily suspends trading of Aram Group shares on the ADX platform. This decision is in line with Article No. 16 of the Regulations Concerning the Listing of Securities on ADX. The suspension will be in effect from 09:00 on 14-Mar-2024, coinciding with the Aram Group Board of Directors Meeting. Trading will resume once the ADX receives the meeting results. The resolution instructs all department heads at 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 was approved by the authorized person and issued on 11/03/2024.

Ali Musmar, the CEO of ARAM Group Company, announced that a Board of Directors meeting will be held on March 14th, 2024. The meeting will discuss and approve the audited financial statements for the fiscal year ended 31/12/2023, the agenda of the General Assembly for the fiscal year ending on 12/31/2023, and the proposal to distribute dividends or not for the year ended 31/12/2023. They will also discuss the proposal to grant remuneration to the Board of Directors for the fiscal year ending on 12/31/2023 and other administrative and operational subjects. A copy of this announcement is also sent to the Securities and Commodities Authority (SCA) in Abu Dhabi, UAE.

On February 20th, 2024, a meeting of the ARAM Group Company PJSC Board of Directors was held. The board made several decisions, including the appointment of Mr. Khamis Mohamed Khamis Buharoon Alshamsi as the new Chairman of the Board of Directors, replacing the resigned Chairman. Mrs. Najoud Abdulla Burahima was appointed to a vacant position, with the understanding that this appointment would be submitted to the General Assembly for confirmation or for the appointment of another member. The new board member will complete the term of her predecessor. The board also decided on reforming the Audit Committee and the Nomination and Remuneration Committee, and discussed other administrative and operational subjects. The meeting ended at 12:30 PM. A copy of the meeting's outcomes was sent to the Securities and Commodities Authority (SCA) in Abu Dhabi, UAE.

The Market Operations Surveillance Department of the Abu Dhabi Securities Exchange received a notification about the appointment of a new board member for the ARAM Group Company PJSC. The appointed member is Ms. Najoud Abdulla Mohammad Burahima, who is described as independent. The decision was made at the Board of Directors' meeting on February 20, 2024, which is also the starting date of the membership. The new board member will complete the terms of its predecessor. The appointment is not final and will be presented at the first general assembly meeting for approval or potential replacement. The Securities and Commodities Authority (SCA) in Abu Dhabi, UAE, has been copied in this notification.

The Board of Directors of ARAM Group Company PJSC will hold a meeting on February 20th, 2024, at 12:00 PM. The agenda includes reviewing the resignation of the Board Chairman, Mr. Ahmed Ali Abdulaziz Alsarkal, discussing the appointment of a new board member to fill the vacant position after the Chairman's resignation, appointing a new Chairman of the Board, reforming the Audit Committee and the Nominations and Remuneration Committee, and discussing other administrative and operational subjects. The information was shared by Ali Musmar, the Chief Executive Officer of the company. A copy of the notice was sent to the Securities and Commodities Authority (SCA) in Abu Dhabi, UAE.

The Aram Group Company P JSC has released its preliminary results for the period ending 31st December 2023. The company, which was established on 16th November 1976, has a paid up, subscribed, and authorized capital of AED 78,901,086. The Vice Chairman of the Board is Khamis Mohamed Khamis Buharoon Al Shamsi, and the CEO is Ali Mohd Zaid Ali Musmar. The external auditor is Crowe MAK. The company's contact details include a mailing address in Sharjah, UAE, a telephone number, a fax number, and an email address.

The Market Operations Surveillance Department of Abu Dhabi Securities Exchange has received a resignation notice from Ahmed Ali Mohamed Abdelaziz Alsarkal, an independent board member of ARAM Group Company PJSC. The resignation, effective from 30th January 2024, was due to personal reasons and preoccupation with other work. A copy of the notice was also sent to the Securities and Commodities Authority (SCA) in Abu Dhabi, UAE.

The General Assembly of the ARAM Group held a meeting on December 14, 2023, at the Holiday International Hotel in Sharjah, with an option for electronic or in-person attendance. The meeting was attended by key board members, representatives from the Securities and Commodities Authority and the Sharjah Economic Development Department. The quorum reached was 44.88%, and the meeting was facilitated by a rapporteur and a vote collector. The agenda included the election of board members. After the voting, five candidates were elected to the Board of Directors. The meeting concluded at 11:15 am.