Dubai Refreshment Company P.J.S.C.

The Board of Directors of Dubai Refreshment PJSC has appointed Mrs. Farida Mohammad Rafi as an independent member of the Board, effective immediately, as per a decision made on May 30, 2024. This information was communicated to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, by Mr. Tarek El Sakka, CEO of Dubai Refreshment PJSC.

The text presents a review report and interim financial information for Dubai Refreshment (P.J.S.C.) for the three-month period ending 31 March 2024.

The Board of Directors of Dubai Refreshment PJSC held a meeting on 13 May 2024, where they approved the preliminary financial statements for the first quarter of 2024. They also discussed other internal matters of the company and made appropriate decisions. The meeting took place at the company's premises in Dubai Investment Park 2, as well as through online video technology.

The Director of Legal at Dubai Refreshment P.J.S.C, Karem Mahmoud, has informed the Chief Executive Officer of Dubai Financial Market, Hamed Ahmed Ali, about a Board of Directors meeting. The meeting is scheduled for 13th May 2024 at 10:30 AM. The agenda includes the discussion and approval of the company's unaudited interim condensed consolidated financial statements for the first quarter ended 31 March 2024, and other internal matters of the company.

A letter dated 29th April 2024, from Dubai Refreshment PJSC to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, announces the immediate resignation of Mrs. Eman Mahmood Ahmed Abdulrazzaq from her position as an independent board member of the company due to personal reasons. The board has accepted her resignation and wishes her success in her future professional and personal tasks. The board will take necessary actions to appoint a replacement and will inform the markets accordingly.

On 1st April 2024, a letter was sent to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, from Karem Mahmoud, Director of Legal Affairs. The letter was about the annual cash dividends of Dubai Refreshment P.J.S.C. The Annual General Assembly approved the dividends on 27th March 2024. The company has decided to distribute AED 72 million as annual dividends, which is 80% of the paid-up capital, amounting to 0.80 AED per share. The dates for the cash dividends are as follows: record date on 4th April 2024, ex-dividend date on 5th April 2024, and last entitlement date on 12th April 2024. If the record date is a public holiday, it will be moved to the next business day.

The text pertains to the reports and financial statements of Dubai Refreshment (P.J.S.C.) for the fiscal year ending on 31 December 2023.

The Board of Directors of Dubai Refreshment (PJSC) has invited shareholders to attend an electronic annual General Assembly meeting on 27/03/2024 at 12:00 PM, set to take place at the company's premises in Dubai Investment Park 2. The agenda includes amendments to the company's articles of association, authorization of voluntary contributions for 2024, approval of the Board of Directors' 2023 report, approval of the Auditor's 2023 report, approval of the company's balance sheet and profit and loss account for 2023, remuneration of board members, discharge of board members and auditors for 2023, appointment of auditors for 2024, and proposals for dividend distribution. This includes a proposal for a one-time special cash dividend from the sale of the Al Quoz property in 2023.