Dubai Investments PJSC Clarifies Shareholder Proxy Process
Dubai Investments PJSC has released a clarifying disclosure regarding the proxy process for shareholders attending the General Assembly.
Summary
Dubai Investments PJSC has issued a disclosure clarifying the proxy process for shareholders, ensuring transparency and compliance with governance standards.
Dubai Investments PJSC, a prominent multi-asset investment group based in the United Arab Emirates, has recently issued a clarifying disclosure regarding the proxy process for shareholders attending its General Assembly. This move underscores the company's commitment to transparency and adherence to corporate governance standards.
The disclosure highlights the rights of shareholders to delegate a representative to attend the General Assembly on their behalf. This representative, however, cannot be a member of the Board, an employee of the company, or associated with a securities brokerage company. The delegation must be explicit, stating the agent's right to attend and vote on behalf of the shareholder. Additionally, a single representative cannot hold more than 5% of the company's issued capital through delegation.
To ensure the authenticity of the delegation, the shareholder's signature on the power of attorney must be verified by recognized entities such as a Notary Public, the Chamber of Commerce or Economic Department in the UAE, licensed banks or companies, financial markets, or any other licensed notarial entity. This measure ensures that the proxy process remains robust and trustworthy.
The proxy form must also include the shareholder's name and contact details, along with the brokerage firm or authority that approved the proxy. This structured approach ensures that all parties involved are clearly identified, maintaining the integrity of the voting process.
Dubai Investments PJSC's proactive approach in clarifying these procedures not only aligns with best practices in corporate governance but also enhances shareholder confidence. By ensuring that the proxy process is transparent and compliant with regulatory standards, the company reinforces its reputation as a reliable and investor-friendly entity.
Looking ahead, Dubai Investments PJSC's commitment to governance and transparency positions it well for continued growth and success. The company's diversified portfolio across sectors such as real estate, construction, financial services, healthcare, and education provides a solid foundation for sustainable returns. Investors seeking stability and growth potential may find Dubai Investments PJSC an attractive option.
In conclusion, given the company's strong governance practices and diversified growth strategy, it is advisable for investors to hold their positions in Dubai Investments PJSC. The company's efforts to maintain transparency and compliance bode well for its future prospects, making it a potentially rewarding investment in the long term.
Source
Summary
The disclosure clarifies the process for shareholders to delegate someone to attend the General Assembly on their behalf. Shareholders can delegate individuals who are not board members, company staff, or employees of a securities brokerage company. The delegated person can represent multiple shareholders but cannot exceed 5% of the company's issued capital. Legal representatives must represent those lacking legal capacity. The shareholder's signature on the power of attorney must be approved by specific entities such as a Notary Public, Chamber of Commerce, a bank where the shareholder has an account, licensed financial markets, or any licensed notarial entity in the UAE. The proxy form should include the shareholder's name, contact number, and the approving authority. For further inquiries, contact details are provided.
Summary
Dubai Investments PJSC is inviting shareholders to its 29th Annual General Assembly Meeting on April 16, 2025, at its office in Dubai and via electronic attendance. The agenda includes approving reports and financial statements for 2024, considering a cash dividend distribution of 18%, appointing auditors for 2025, and approving various policies. Shareholders will also vote on discharging the Board and auditors from liability and authorizing the Board to approve voluntary contributions for 2025. Electronic voting and attendance procedures are outlined, and shareholders must register by April 15, 2025, to vote. The meeting requires at least 50% shareholder representation, with a second meeting scheduled for April 23, 2025, if needed. Shareholders are encouraged to update their contact details and can access relevant documents online. Queries can be directed to the company's Shares Department or Investor Relations.
