Key Insights from Al Firdous PJSC's Annual Meeting

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Al Firdous PJSC's Annual General Assembly Meeting reveals key financial decisions and leadership changes impacting stakeholders.

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Summary

Al Firdous PJSC's Annual General Assembly Meeting covered financial reports, leadership changes, and strategic decisions, impacting shareholders' interests.

Al Firdous PJSC recently held its Annual General Assembly Meeting, providing crucial insights into the company's financial health and strategic direction. The meeting, which took place both in person and electronically, offered shareholders an opportunity to review the company's performance and future plans.

Key agenda items included the approval of the Board of Directors' report on the company's activities and financial position for the fiscal year ending March 31, 2025. The auditor's report was also approved, providing a transparent view of the company's financial integrity.

One of the critical discussions was around the company's budget and profit and loss statement, which were approved by the shareholders. The integrated report, which offers a comprehensive view of the company's financial and non-financial performance, was also discussed and approved.

Interestingly, the Board of Directors recommended not to distribute dividends and not to grant remuneration to board members. This decision reflects a cautious approach, possibly indicating a focus on reinvestment or addressing financial challenges.

Leadership changes were also a focal point, with the appointment of Eng. Mohamed Bahaa Khairy Al Qaseer to the Board, succeeding Sheikh Ahmed Khaled Bin Zayed. Such changes can influence the company's strategic direction and operational efficiency.

Given the current financial landscape and the decisions made during the meeting, shareholders and potential investors might consider holding their positions. The company's cautious financial approach and leadership changes suggest a period of transition, where holding could provide a clearer picture of future performance.

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Source

Reminder: General Assembly of ALFIRDOUS is being held on 11/07/2025

Summary

Al Firdous PJSC's Board of Directors invites shareholders to the Annual General Assembly Meeting on Friday, November 7, 2025, at 11:00 AM, either in person at Boulevard Plaza Tower 2, Dubai, or remotely. The agenda includes reviewing and approving the Board's and Auditor's reports, the Company's budget, profit and loss statement, and Integrated Report for the financial year ending March 31, 2025. The meeting will also address discharging the Board and Auditors from liability, considering recommendations against dividend distribution and board remuneration, appointing auditors for the next financial year, and appointing Eng. Mohamed Bahaa Khairy Al Qaseer to a vacant Board seat. Shareholders can delegate representatives, subject to conditions, and proxies must be submitted in advance.

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