Meeting Date/Time

Tuesday, May 18, 2021 - 12:00 PM

Type of Meeting

General Assembly

Net Profit/Loss

19115410 AED

Cash Dividend

Bonus Share

New Issuance

Shares Split

Capital Deduction

Announcements/Resolutions

1.       Approved the Board of Directors'report for the company's activity and its financial position for the financialyear ended on 31/12/2020.

2.       Approved the Fatwa and ShariahSupervisory Board's report about the company's business for the financial yearended on 31/12/2020.

3.       Approved the auditors' report forthe financial year ended on 31/12/2020

4.       Approved the company’s financialstatements for the year ended on 31/12/2020.

5.       Decided not to Release or dischargethe Board of Directors from liability for their actions during the financialyear ended on 31/12/2020.

6.       Released and discharged theauditors from liability for their actions during the financial year ended on31/12/2020.

7.       Appointed the  Shariah Board for 2021, as below:-

-         Dr. Azzuldean Bin Zughaba –Head of the Board

-         Dr. Mohammad Abdul HakimZair - Member and Secretary of the Board

-         Mr. Mousa Tariq Khouri -Member

8.       Appointed M/s Pricewaterhouse Coopersas auditors of the financial year 2021 and determined an amount of AED 480,000.00(only four Hundred and eighty Thousand Dirham) VAT as their fees.

9.       Approved the appointment of Dr.Saleh Hashem Syed Sharif Al Hashemi as a member of the Board of Directors (as asubstitute for the resigned member of the Board of Directors, Mr. Mubarak AlShamsi).

10.    Appointed Messrs. MohammedAl-Linjawi Advocates and Legal Consultants and Messrs. Abdulla Al Awadi &Associates as a representatives of the shareholders to attend the GeneralAssembly meetings and vote on its decisions on behalf of shareholders, anddetermined the professional fees for each of them amounting of ten thousanddirhams (10,000) VAT.

11.    Approved the amendment of thecompany's articles of association Article No. (62), in relation to: “Profitdistribution” to be distributed semi-annually, and Article No. (49), inrelation to “Voting in the Annual General Meeting” By adding an electronicvoting system to the decisions of the general assembly and electing members ofthe boards of directors "according to the provisions of Article (183) ofthe Companies Law.

Last Entitlement Date

Ex-Dividend Date

Registry Closing (Settlement) Date

Meeting Venue

Held Remotely (Zoom Application)