Press releases, Reports & Disclosures for Al Firdous Holdings PJSC

The letter is from Sheikh Khaled Zayed S. Al Nahayan, Chairman of the board of Al-Firdous Holding Company, addressed to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market. The letter, dated 04/07/2023, responds to an inquiry about the continuous rise in the company's shares. It confirms that there is no undisclosed operational or technical information that justifies this increase. The letter also addresses the observations in the independent auditor's report on the company's financial data for Q3 2022. Al-Firdous is currently studying all alternatives to address the issue of receivables due to the company. The company advises shareholders and investors to rely on the disclosed financial statements when making investment decisions. A copy of the letter is forwarded to the Security and Commodities Authority.

The Board of Directors of Al Firdous Company (Public Joint-Stock Company) is inviting shareholders to attend the annual General Assembly meeting on Monday, 17.07.2023. The meeting will be held at Boulevard Dubai, 14th floor office No. 1403, plaza 2, opposite to Burj Khalifa, Boulevard Shk. Mohamed Bin Rashid, and will commence at 12:00 noon. Shareholders can participate and vote either in person or online via the Dubai Financial Market smart services application. The agenda includes discussing and approving the company's financial reports, discharging the board members and external auditors of any liability for the financial year ended on 31/03/2023, electing new board members for the period from 2023 to 2026, and appointing the external auditors for the financial year ending 31/03/2024. Shareholders registered in the Shareholders Register by Friday, 14/07/2023, are eligible to vote. Electronic voting will be open from 5 PM on Friday 14/07/2023 until 10:00 AM on the day of the meeting.

The text refers to an Integrated Report for the year 2023 by Al Firdous P.J.S.C, released on June 20, 2023.