Press releases, Reports & Disclosures for FOODCO NATIONAL FOODSTUFF PrJSC

The text is an official invitation to the shareholders of Foodco National Foodstuff PrJSC to attend the Annual Assembly meeting. The Ministry Of Economy has approved the invitation for the meeting, which is to be held on Friday, April 26, 2024, at 12:00 PM. The meeting will be conducted remotely and personal attendance is also possible. The invitation, including the meeting's agenda, is attached.

The Board of Directors of Foodco National Foodstuff PJSC met via video conference on March 18, 2024. Four board members were present, achieving an 80% quorum. The minutes from the previous meeting were approved, as was the financial statement for the period ending December 31, 2023, which reported a net loss of AED 14.588 million, an improvement from the net loss of AED 18.860 million in the same period of 2022. The Board decided to call for a General Assembly Meeting on April 23, 2024 (subject to MOE approval) and proposed no dividend distribution for the year 2023.

Resolution No. 324 of 2024 temporarily suspends trading of FOODCO NATIONAL FOODSTUFF PrJSC shares on the ADX due to a Board of Directors Meeting scheduled for 12:30 on 18-Mar-2024. The suspension will commence from 09:00 on 18-Mar-2024 until ADX receives the meeting results. The resolution mandates all department heads in 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 is approved by the authorised person and issued on 13/03/2024.

The Foodco National Foodstuff Co PJSC will hold a meeting on Monday, 18/03/2024, starting at 12:30 PM. The agenda includes approval of previous meeting minutes, discussion and approval of the Financial Statements for the year ended 31/12/2023, setting the AGM date, and discussing a proposal not to distribute any dividends for 2023. Other operational matters will also be discussed. The disclosure was made by the Board Secretary, Taysir Mokashfi, on 12/03/2024.