National Marine Dredging Co.

Resolution No. 382 of 2024 temporarily suspends trading of National Marine Dredging Co.'s shares on ADX. The suspension is due to a coinciding Board of Directors meeting scheduled for 2-May-2024 at 13:00. Trading will be suspended from 09:00 on 2-May-2024 until ADX receives the meeting results. The resolution instructs all heads of departments in ADX to execute this decision in their respective fields and circulate it to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution, approved by the authorized person, was issued on 30/04/2024.

The Board of Directors of the National Marine Dredging Company PJSC is set to meet on Thursday, 2 May 2024 at 1 p.m. at Royal Group’s offices. The meeting agenda includes the approval of the Company’s draft financial statements for the first quarter of the financial year 2024 and discussion of other general matters related to the Company's activities and projects. The Securities and Commodities Authority (SCA) is also informed about this meeting.

The Board of Directors of the National Marine Dredging Company PJSC held a meeting via video conference on 13 March 2024. During the meeting, H.E. Mohamed Thani Murshed Alrumaithi was elected as the Chairman of the Board of Directors, and Mohamed Ibrahim Al Hammadi was elected as Vice Chairman. The Board's committees were formed and their members appointed. The Audit Committee includes Ahmad Amer Omar Al Amri as Chairperson, Abdul Ghaffar Al Khoori and Dr. Aaesha Ali Hashem as members. The Nomination and Remuneration Committee includes Mohamed Al Hammadi as Chairperson, Yaser Saeed Al Mazrouei and Ahmad Amer Omar Al Amri as members.

The National Marine Dredging Company held its General Assembly Meeting on March 8, 2024, with an 88.53% quorum achieved through electronic voting. The meeting approved several resolutions, including the Board of Directors' report on the company's activities and financial position for 2023, the external auditor's report, the balance sheet and profit and loss account, and a cash dividend distribution of AED 618,750,000. The meeting also approved a payment of AED 20 million to the Board of Directors as remuneration and absolved both the Board and the external auditors of liability for 2023.

The National Marine Dredging Company held its General Assembly Meeting on 8 March 2024, which was attended by 88.53% of shareholders virtually. The meeting approved the company's activities and financial position report, the external auditor's report, the balance sheet and profit and loss account for the financial year ending 31 December 2023. The Board of Directors' recommendation for a cash dividend distribution of AED 618,750,000 was also approved, along with a payment of AED 20 million to the Board of Directors as remuneration for the financial year. The meeting concluded with the approval of absolving the Board of Directors and external auditors of liability for the year ended 31 December 2023.

The Abu Dhabi Securities Exchange has received nominations for the board membership of the National Marine Dredging Company PJSC. The candidates include H.E Mohamed Thani Murshed Alrumaithi, Abdul Ghaffar A. A. Al Khoori, Mohamed Al Hammadi, Eng/ Hamad Salem Mohamed Al Ameri, Yaser Saeed Al Mazrouei, Ahmad Amer Omar Omar, and Dr. Aesha Ali Hashem. The Nomination and Remuneration Committee of the Company’s Board of Directors has endorsed these applications. The details of the candidates will be published on the Company’s website. There are seven board seats available.

Resolution No. (299) of 2024 temporarily suspends trading of shares for National Marine Dredging Co. on the ADX due to their AGM being held at 11:00 on March 8, 2024. The suspension will begin from 09:00 on March 8, 2024, until the AGM results are received by ADX. All heads of departments in ADX are required to execute this resolution 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 was approved by the authorised person and issued on February 16, 2024.