Commercial Bank of Dubai P.S.C.

The text is a clarification disclosure regarding the approval of agencies according to Clauses 1 & 2 of Article 40 of the Corporate Governance Manual. It informs shareholders that they have the right to delegate someone other than Board members, staff, or securities brokerage company employees to attend the general assembly and vote on their behalf. The delegated person cannot represent more than 5% of the company's issued capital. Incompetent persons must be represented by their legal representatives. The shareholder's signature on the power of attorney should be approved by entities such as a Notary Public, commercial chamber of economic department in the state, a bank or company licensed in the state, or any other entity licensed to perform attestation works. The proxy form must include the shareholder's name and contact number(s), and the brokerage firm or the authority that approved the proxy.

The Commercial Bank of Dubai PSC has released its group consolidated financial statements for the year ending 31 December 2023. These audited statements are pending approval from the Central Bank of the UAE and will be presented to shareholders for adoption at the Annual General Meeting.

The Board of Directors of the Commercial Bank of Dubai P.S.C. conducted a meeting on 31st January 2024. In the meeting, they approved the minutes of the previous meetings held on 13th December 2023 and 5th January 2024. They also approved the bank's financial statements for the year ended 31st December 2023 along with related resolutions. The board approved the Annual General Meeting Agenda, and the date and venue of the meeting, subject to approval from different authorities.

The Board of Directors of a company has announced the reopening of nominations for board membership from 26 January 2024 to 4 February 2024. This decision, recommended by the Remuneration, Nomination, and Governance Committee, complies with UAE governance requirements and aims to serve the company's interest. The board will comprise 11 members, including at least one-third independent members, all non-executive, and at least one female. Candidates must meet specific requirements as per UAE regulations and the company's Articles of Association. After the nomination period, the candidate list will be published on the company's website and sent to the Securities and Commodities Authority. Applications can be submitted via courier or email.

The Board of Directors of the Commercial Bank of Dubai P.S.C. is scheduled to meet on Wednesday, 31 January 2024 at 9 a.m. The meeting's agenda includes approval of the minutes of previous meetings, approval of the bank's financial statements for the year ending 31 December 2023, and approval of the Annual General Meeting's agenda, date, and venue, subject to authority approval.

The Board of Directors of the Commercial Bank of Dubai P.S.C. has issued a Board Resolution on January 24, 2024, to reopen the nomination for the Board of Directors of the bank for an additional period. This decision was based on the recommendation from the Remuneration, Nomination, and Governance Committee after assessing the candidates for Board Membership. The decision is subject to approval by the Securities & Commodities Authority. The notification was sent to Mr. Hamed Ahmad Ali, the CEO of Dubai Financial Market, and a copy was sent to the Securities and Commodities Authority.

On January 22, 2024, the Board of Directors of the Commercial Bank of Dubai P.S.C. notified the Dubai Financial Market of their intention to issue a Board Resolution by Circulation on January 24th, 2024. This resolution will consider a recommendation from the Remuneration, Nomination, and Governance Committee regarding the assessment of candidates for Board Membership. The notification was sent by the Board Secretary, Mr. Ahmed Ali Al Jaziri. A copy was also sent to the Securities and Commodities Authority.

A Board of Directors meeting was held for the Commercial Bank of Dubai P.S.C. on 5th January 2024. The meeting noted a request from Al Futtaim Private Co. LLC, a shareholder owning 10.5% of the bank's capital, to postpone the review of a proposed resolution until the Annual General Meeting of the bank's shareholders. It was also confirmed that the deadline for submitting nominations to the Board of Directors of the Commercial Bank of Dubai PSC was on 5th January 2024 at 04:00 p.m.

On January 3, 2024, a letter was sent to Mr. Hamed Ahmad Ali, CEO of the Dubai Financial Market, announcing a meeting of the Board of Directors of the Commercial Bank of Dubai P.S.C. The meeting is scheduled for January 5th, 2024, at 10 a.m. The agenda includes discussing a request from Al Futtaim Private Co. LLC, a shareholder owning 10.5% of the bank’s capital, to hold a shareholders' meeting. This request is based on Article 176 of the Commercial Companies Law. The meeting’s agenda, date, and venue will also be approved. A copy of the letter was sent to the Securities and Commodities Authority.