Emirates NBD PJSC

The disclosure clarifies the approval process for proxies to attend the General Meeting in accordance with Clauses 1 and 2 of Article 40 of the Corporate Governance Manual. Shareholders can delegate someone, not a board member, company staff, or securities brokerage employee, to attend and vote at the general assembly on their behalf through a written delegation. The delegate cannot represent more than 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 verified by a Notary Public, a chamber of commerce or economic department, a licensed bank or company where the shareholder holds an account, licensed financial markets, or any other licensed attestation entity.

In 2024, Emirates NBD achieved a record profit before tax of AED 27.1 billion, marking a 15% increase. The growth was driven by the expansion of its regional presence and enhancement of its Wealth Management franchise. The bank's income rose to over AED 44 billion, bolstered by strategic investments in digital banking and branch networks, resulting in significant new revenue streams. The bank provided AED 160 billion in new loans, increasing assets by 16% and maintaining a one-third market share of UAE credit cards. Emirates NBD Capital reported its highest-ever revenue during a busy year for transactions, while Emirates Islamic recorded a profit of AED 2.8 billion, solidifying its position in the Islamic banking sector. The bank's branch expansion in Saudi Arabia led to a 57% growth in its loan book. The Board of Directors proposed a 100 fils dividend in response to the strong performance. Key highlights for 2024 included a 15% increase in profit before tax due to significant loan growth, a low-cost funding base, strong transaction volumes, and substantial recoveries. Profit after tax rose by 7% to AED 23 billion. Total income reached AED 44.1 billion, supported by strong loan growth and a stable, low-cost funding mix. The bank experienced a 10% loan growth, with AED 88 billion in new corporate lending and a 30% increase in retail lending. Deposits grew by AED 82 billion, with a notable increase in Current & Savings Accounts. The impairment charge was AED 0.1 billion, with a record low cost of risk, and the impaired loan ratio improved to 3.3%. Emirates Islamic's record profit was driven by a 31% growth in customer financing. Earnings per share increased by 7% to 356 fils.

Emirates NBD Bank PJSC has announced the extension of the nomination period for its Board of Directors to December 10, 2024. Shareholders who meet the eligibility criteria can apply for board membership via email, specifying their desired role as Non-Executive or Independent Director. Nine board members are to be elected, and nominations are open for ten days following the announcement, per governance guidelines. Applicants must adhere to specific corporate governance and regulatory standards, and nominations cannot be transferred to others. All applications are subject to evaluation and Central Bank approval. The bank will disclose nominee details on its website two days before the Annual General Assembly Meeting. Required documents, including identification, must be submitted with the application, or it will be considered void.