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The Chairman of Watania International Holding PJSC delivered a keynote at the Annual General Assembly Meeting, highlighting the company's growth and success in 2023. Despite challenging regional macroeconomic conditions, the company has emerged as a dynamic investment firm, with its subsidiaries holding a prominent position in the UAE's Takaful sector. This success is attributed to the transformation strategy implemented post-merger in 2022. The company's financial performance also improved, with a total income of AED 954,363,000 from Takaful activities in 2023, up from AED 820,181,000 in 2022. Shareholders' equity rose to AED 229,597,000, and the company achieved a net profit of AED 13,275,000, a significant improvement from the losses of AED 53,130,000 in 2022. Earnings per share also improved to AED 0.051.

The General Assembly Meeting of Watania International Holding (PJSC) took place on 24th April 2024, from 1:30PM to 2:30PM, chaired by Dr. Ali Saeed Bin Harmal Aldhaheri. The total attendance was 75.47%, distributed between 0.57% personal attendance and 74.9% proxy attendance. The assembly approved the Board of Directors' report on the company's activity and financial position for the fiscal year ended 31 December 2023. The Auditor's report for the same period was also approved. The Company's balance sheet and profit and loss account were discussed and approved. The Board of Directors' recommendation to refrain from distributing dividends to shareholders for the financial year ending 31 December 2023 was considered and approved. Lastly, a proposal for remuneration of the Board members for the fiscal year ended 31 December 2023 was approved.

On April 24, 2024, the Dubai Financial Market's Board of Directors will hold a meeting at 3:00 PM. The meeting's agenda includes discussing the condensed consolidated interim financial information for the three-month period ending on March 31, 2024, and regular matters and any other business. This information was conveyed in a letter from Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority, to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market.

Resolution No. 374 of 2024 has temporarily suspended trading of Eshraq Investments P.J.S.C shares on the ADX. The decision, in accordance with Article No. 16 of the Regulations Concerning the Listing of Securities on ADX, is due to the company's AGM coinciding with the trading session at ADX. The suspension will be in effect from 09:00 on 30-Apr-2024 until the AGM results are received by ADX. All department heads at ADX are directed to execute this resolution in their respective fields. The resolution, approved by the authorized person, will be circulated to SCA, the concerned company, all departments at ADX, and all ADX-accredited brokers. The resolution was issued on 24/04/2024.