Emirates NBD PJSC

On 16th April 2025, a letter was sent to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, regarding an upcoming earnings call meeting for Emirates NBD Bank (P.J.S.C). The meeting is scheduled for Tuesday, 22nd April 2025, at 2:00 PM, to discuss the financial results for the first quarter ending 31st March 2025. Further details can be found on the Emirates NBD's Investor Relations website. The letter was signed by Dr. Ahmed Saeed Alkhalfawi, the Group Company Secretary of Emirates NBD Bank, with a copy sent to the Securities & Commodities Authority.

On April 16, 2025, a letter was sent to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, from Emirates NBD Bank (P.J.S.C), informing him of an upcoming Board of Directors meeting. The meeting is scheduled for April 21, 2025, at 3:30 pm. The agenda includes approving the minutes from the previous meeting, approving the financial results for the quarter ending March 31, 2025, and discussing normal business activities. The letter is signed by Dr. Ahmed Saeed Alkhalfawi, Group Company Secretary, with a copy sent to the Securities & Commodities Authority.

Since January 2023, there has been press speculation about Emirates NBD Bank PJSC being involved in potential acquisitions in the region, including in Egypt. The bank regularly explores growth opportunities through both internal resources and external operations like mergers and acquisitions. Emirates NBD confirms that, to date, there have been no material developments necessitating a specific announcement regarding these speculations. Should any significant developments occur, the bank will disclose them in accordance with its regulatory obligations. For further inquiries, contact Patrick Clerkin, Group Head of Investor Relations, or Ibrahim Sowaidan, Group Corporate Affairs.

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.

Emirates NBD Bank (P.J.S.C.) has released its group condensed consolidated interim financial statements for the nine-month period ending on September 30, 2024.

On 11 October 2024, Emirates NBD Bank announced that an Earnings Call Meeting is scheduled for 17 October 2024 at 2:00 PM. The meeting will discuss the financial results for the third quarter ending 30 September 2024. Further details can be found on the Emirates NBD website. The announcement was addressed to Hamed Ahmed Ali, CEO of the Dubai Financial Market, and was also copied to the Securities & Commodities Authority. The letter was sent by Dr. Ahmed Saeed Alkhalfawi, Group Company Secretary of Emirates NBD Bank.