Al Firdous Holdings PJSC

The Board of Directors of Al Firdous (P.J.S.C.) held a meeting on 11/08/2023 at 2:30 PM. The results of the meeting include the election of Sheikh Khaled Bin Zayed S. Al Nahyan as chairman and Sheikh Khalifa Khaled Bin Zayed as vice-chairman through a secret ballot. The board members also conducted a periodic review of the tasks and functions performed by the Board of Directors and those delegated to Senior Executive Management. The obligations of executive and non-executive board members were reviewed as per Article (11) of the Board of Directors of SCA No. (7 / R) for the year 2016. Each board member signed the membership form, indicating their status as an independent or executive member. Lastly, they reviewed the responsibilities of the Board Chairman as per Article (42) of the Board of Directors of Securities and Commodities Authority No. (7 / R) for the year 2016.

The Annual General Assembly meeting of Al Firdous Company (PJSC) was held on 17.07.2023, with 67.44% shareholder attendance and voting conducted in person via DFM online services. The following decisions were made: the Board of Directors’ Report on the Company’s activity and its financial position for the fiscal year ended on 31/03/2023 was approved (100% agreement); the Auditor’s Report for the fiscal year ended on 31/03/2023 was approved (100% agreement); the Company’s balance sheet and profit and loss account for the fiscal year ended on 31/03/2023 was approved (100% agreement); the Integrated Governance report for the fiscal year ended 31/03/2023 was approved (100% agreement); the members of the Board of Directors were discharged of any liability for the fiscal year ended on 31/03/2023 (100% agreement); the external auditors were discharged of any liability for the financial year ended on 31/03/2023 (100% agreement).

The Annual General Meeting of Al Firdous Company (PJSC) took place on 17.07.2023. The meeting had a 67.44% shareholders' attendance, all of which was in person via DFM online services. The assembly approved the Board of Directors’ Report on the Company’s activity and its financial position for the fiscal year ended on 31/03/2023. The Auditor’s Report for the fiscal year ended on 31/03/2023 was also approved. The company's balance sheet and profit and loss account for the fiscal year ended on 31/03/2023 were approved. The Integrated Governance report for the fiscal year ended 31/03/2023 was approved. The members of the Board of Directors and the external auditors were discharged of any liability for the fiscal year ended on 31/03/2023.

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.