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On February 26th, 2024, the Board of Directors of Drake & Scull International PJSC held its first meeting of the year. The Board approved the minutes of the previous meeting and decided to call a General Assembly meeting as soon as possible, subject to the approval of the Securities and Commodities Authority (SCA) and Dubai Financial Market (DFM). The Board plans to discuss and approve the resumption of trading of the Company’s shares, increase in the share capital of the Company according to the terms approved by SCA and DFM, and the Company being an obligor in respect of a mandatory convertible Sukuk issuance aligned with the settlement plan.

The Board of Directors of Dubai Islamic Bank PJSC has invited all shareholders to attend the Annual General Assembly Meeting on 27th February 2024. If a quorum is not reached, a second meeting will be held on 5th March 2024. Shareholders have the option to attend in person or via remote presence technology. The agenda includes reviewing and ratifying the bank's activities and financial position, the auditor's report, the Internal Sharia Supervision Committee report, balance sheet and profit and loss statement. The board will also discuss cash dividends, remuneration of the board, the discharge of the board and external auditors from liability, and the appointment of members of the Internal Sharia Supervision Committee and external auditors. Special resolutions include authorising the board to issue senior Sukuk and/or other similar instruments, Tier 2 Sukuk, and additional Tier 1 Sukuk. The board will also consider amending the Articles of Association of the Bank.

The Board of Directors of Takaful Emarat Insurance PJSC has invited its shareholders to a general assembly meeting on 27 February 2024. The meeting will be held physically in Dubai and also electronically. The agenda includes reviewing and approving the Company’s capital restructuring plan, discussing the auditor's report on the company's losses, and considering a significant capital reduction subject to certain conditions. The proposed reduction will be by 88.3% of the total issued share capital to extinguish accumulated losses, leading to a cancellation of a specific number of shares. The board seeks full authority to execute the capital reduction as per applicable laws.