The ordinary general assembly meeting of Ithmaar Holding B.S.C. was held on Sunday, March 29, 2026, at 1:00 PM in the Noble Meeting Room at the Westin City Centre Bahrain, Seef District, Kingdom of Bahrain. The meeting was attended in person by several individuals, including board members and executives such as Jumaa Hassan Abood, Maysan Faisal Al Muscati, Mohammed Safar, Thaqib Mahmood Mustafa, Fatima Abdullah Mufeez, Hassan Jassim, and Arvind Sharma. Additionally, representatives from KPMG, the external auditor, were present. Electronically, the meeting was attended by His Royal Highness Prince Amr bin Mohammed Al Faisal Al Saud, Sheikh Dr. Osama Bahr, Sheikh Dr. Adel Al Marzouqi, Khadija Ahmed Ali, and Fatima Hassan. These individuals included the Chairman of the Board, members of the Sharia Supervisory Board, and representatives from the Central Bank of Bahrain's Islamic banking supervision department.

Ithmaar Holding B.S.C. announced that a Board of Directors meeting was held on Tuesday, March 31, 2026, at 1:00 PM. During the meeting, the Board reviewed and approved the Offering Circular related to the Rights Issue. The Offering Circular is still subject to final approval by the Central Bank of Bahrain.

The Annual Ordinary General Meeting of Ithmaar Holding B.S.C took place on Sunday, 29 March 2026, with a quorum of 51.62% achieved. The meeting approved several agenda items, including the minutes from the previous meeting, the Directors’ Report, the Sharia Supervisory Board’s Report, and the External Auditors’ Report for the financial year ending 31 December 2025. The Consolidated Financial Statements for the same period were also approved. The Board of Directors' recommendations for financial allocations were accepted, subject to regulatory approvals. Transactions with related parties or major shareholders were reported, and the Corporate Governance report was approved. The Board of Directors was discharged from liability for their duties during 2025. Additionally, the benefits and remuneration for the Sharia Supervisory Board for 2026 were reviewed, and the appointment of external auditors for 2026 was adopted, pending approval from the Central Bank of Bahrain. Other matters were addressed in accordance with Article 207 of the Bahrain Commercial Companies Law.

Ithmaar Holding B.S.C. has announced that its Board of Directors will meet on Tuesday, March 31, 2026, at 1:00 PM to discuss and approve the offering circular related to a Rights Issue.

Ithmaar Holding B.S.C. has announced that its Board of Directors will review and approve the financial results for the period ending on March 31, 2026. The meeting is scheduled for Wednesday, May 13, 2026, at 2:00 PM. This announcement is addressed to the Bahrain Bourse and the Dubai Financial Market. The authorized signatory for this announcement is Husain Ahmed Haider.

The Extraordinary General Meeting of Ithmaar Holding B.S.C. was held on Sunday, March 8, 2026, at 1:30 PM at the Al Dana Hall, Le Méridien Hotel, City Centre Bahrain, with the option for electronic attendance. The meeting was chaired by His Royal Highness Prince Amr bin Mohammed Al Faisal Al Saud, Chairman of the Board, who welcomed the shareholders, representatives from the Ministry of Industry and Commerce, the Central Bank of Bahrain, Bahrain Bourse, and auditors. The appointment of Ms. Fatima Abdullah Mafez as the meeting secretary was proposed and approved. The meeting's invitation and agenda were published on February 12, 2026, as required by the Commercial Companies Law. Representatives from KFin Technologies (Bahrain) W.L.L. confirmed the quorum for the second meeting, as the first meeting on March 5, 2026, did not meet the required quorum due to unforeseen circumstances. Shareholders representing two-thirds of the company's capital attended in person or by proxy. The meeting commenced at 1:30 PM. The minutes from the Extraordinary General Meeting held on May 29, 2024, were received and ratified, with the president allowing for discussion and inquiries.

Ithmaar Holding B.S.C held its second Extraordinary General Meeting (EGM) on March 8, 2026, with a quorum of 52.09%. The EGM approved the minutes from the previous meeting on May 29, 2024, and acknowledged reports from the Board of Directors, KPMG Fakhro, and RSM regarding a proposed recapitalization plan. Subject to regulatory approvals, the EGM also approved a reduction in the company's issued share capital from $757,688,757 to $94,673,308.25 by canceling 2,531,466,555 shares to extinguish accumulated losses, while maintaining the nominal share value of $0.25. The reduction will be on a pro rata basis, with shareholders retaining approximately one share for every eight previously held. The new number of shares will be 378,693,233.

The Extraordinary General Meeting was postponed due to the lack of a quorum on Thursday. A second meeting is scheduled for Sunday, March 8, 2026, at 1:30 pm, to be held at Al Dana Ballroom, Le Meridien Hotel, City Centre Bahrain, Seef District, Kingdom of Bahrain. The announcement was made by Saqib Mustafa, the authorized signatory.

A shareholder of Ithmaar Holding B.S.C. is appointing a proxy to represent and vote on their behalf at the company's Annual Ordinary General Meeting scheduled for March 29, 2026, at The Westin City Centre Bahrain Hotel. If the meeting lacks quorum, subsequent meetings are planned for April 5 and April 12, 2026, at the same venue and time. The proxy is authorized to vote on several agenda items, including approving the minutes from the previous meeting, discussing and approving reports from the Directors, Sharia Supervisory Board, and External Auditors, and approving the company's consolidated financial statements for 2025. Additionally, the proxy will vote on the Board of Directors' recommendation to allocate funds to statutory reserves and accumulated losses, pending regulatory approvals.

Ithmaar Holding B.S.C., a company incorporated in Bahrain, has issued a circular to its shareholders. The circular concerns the consideration and approval of a related party resolution by independent shareholders. This resolution pertains to an in-kind contribution as part of a rights issue by Dar Al-Maal Al-Islami Trust and its affiliates, who are major shareholders of Ithmaar Holding.