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The text pertains to the condensed consolidated interim financial information of Mashreqbank PSC Group for the period from January 1, 2024, to March 31, 2024.
Mashreqbank PSC has held a Board of Directors meeting on 25th April 2024 at 11:00 am. The meeting discussed and approved the minutes of previous meetings held on 29th January 2024, 26th March 2024, and 19th April 2024. The financial statements for the first quarter ending 31st March 2024 were also approved, along with other topics related to the bank's business and activities. The information was communicated by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, to Mr. Hamed Ahmad Ali, CEO of Dubai Financial Market.
On April 25, 2024, GFH Financial Group B.S.C. announced that it has purchased 1,791,203 of its treasury shares. This acquisition increases the total holding of treasury shares from 182,049,582 (representing 4.75% of total issued shares) to 183,840,785 (representing 4.80% of total issued shares). The decision to purchase was made during the company's board of directors meeting in September 2021, and the purchase was approved by the Authority in April 2024. The average purchase price was 0.272 USD per share, and the purchased shares represent 0.047% of the issued capital. After this purchase, the number of shares remaining for purchase is 199,418,598. The announcement was signed by Mariam Jowhary, the Head of Compliance & AML.
The Abu Dhabi National Company for Building Materials - BILDCO (PJSC) held its annual general assembly meeting remotely on 25 April 2024. The meeting started at 2:04 PM and ended at 2:57 PM. The president of the general assembly was Mr. Salah Khamis Saleh Ali Al-Junaibi. The quorum of the total attendance was 50.28% of the capital. The personal attendance rate was 0.02%, with the same amount being authentic and none by proxy. Electronic voting made up the rest of the attendance at 50.26%, with 41.99% being authentic and 8.27% by proxy.
On April 25, 2024, Amlak Finance P.J.S.C held a meeting from 3:00PM to 3:30PM. All seven board members were present, achieving 100% quorum. The board decided to appoint Mr. Jamal Hamed Almarri as the Chairman of the Board of Directors and Mr. Shaker Fareed Zainal as Vice Chairman. The board also formed its committees. The authorized signatory of these decisions was Lama Takieddin, the Head of Corporate Governance and Company Secretary.