The National Bank of Ras Al Khaimah

Resolution No. (298) of 2024 has temporarily suspended trading of the shares of The National Bank of Ras Al Khaimah on the ADX (Abu Dhabi Securities Exchange). This decision is in line with Article No. (16) of the Regulations Concerning the Listing of Securities on ADX. The suspension is due to the bank's AGM (Annual General Meeting) being held at 10:00 on the 18th of March, 2024, which coincides with the trading session at ADX. Trading will be suspended from 09:00 on the same day until the AGM results are received by ADX. All department heads in ADX are required to implement this resolution in their respective fields. The resolution is to be circulated to the Securities and Commodities Authority (SCA), the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 15/02/2024.

The audited financial statements for the National Bank of Ras Al-Khaimah (P.S.C.) for the year ended December 31, 2023, are pending approval from the Central Bank of U.A.E. and acceptance by shareholders at the annual general meeting.

The National Bank of Ras Al Khaimah has announced it is reopening nominations for its Board of Directors from January 31st to February 9th, 2024. Shareholders who meet the nomination conditions can apply, providing a resume and specifying their intended capacity (independent, non-independent, or non-executive director). The board will expand from seven to nine members, pending approval at the next Annual General Assembly Meeting (AGM). Nominees must meet requirements outlined in various UAE laws and regulations. Nominations will not be accepted after the nomination period and are subject to approval from the Central Bank of UAE. Successful candidates will be presented for final voting at the AGM. Applications should be sent to corporatesecretariat@rakbank.ae by 5pm UAE time on February 9th, 2024.