Press releases, Reports & Disclosures for Amlak Finance P.J.S.C

Amlak Finance P.J.S.C held a meeting on Monday, 26th February 2024, which started at 3:00 PM and ended at 5:00 PM. Six board members were present at the meeting, achieving a quorum of 86%. The board discussed normal business-related matters. The meeting was authorized by Lama Takieddin, the Head of Corporate Governance and Company Secretary.

The text is a clarification regarding the approval of proxies to attend the General Meeting. According to clauses 1 and 2 of Article 40 of the Chairman of Authority’s Board of Directors’ Decision no. 3/Chairman of 2020, the general assembly of a company is held at a specified location, and each shareholder has the right to attend and vote equal to their number of shares. Shareholders can delegate someone who is not a board member or company staff to attend on their behalf, but this delegate cannot represent more than 5% of the company's issued capital. The shareholder's signature on the power of attorney must be approved by specific entities, and the proxy must include the contact numbers of the shareholder and a representative of the approving authority.

On December 29, 2023, the Board of Directors of Amlak Finance PJSC passed a resolution concerning regular and internal matters. This information was communicated to Mr. Hamed Ahmed Ali, the Chief Executive Officer of Dubai Financial Market. The communication was also forwarded to the Securities & Commodities Authority.

On 26th December 2023, a letter was sent to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, from Lama Takieddin, the Head of Corporate Governance and Company Secretary of Amlak Finance PJSC. The letter notifies Mr. Ali that the board of directors of Amlak Finance PJSC will consider a resolution concerning regular and internal matters on 29th December 2023 at 3 pm. A copy of the letter was also sent to the Securities & Commodities Authority.