Mashreqbank PSc

The Chief Executive Officer of Dubai Financial Market, Mr. Hamed Ahmad Ali, has been notified about a Board of Directors meeting of Mashreq Bank PJSC, scheduled for Thursday, April 25th, 2024 at 11:00 am. The meeting's agenda includes the approval of the minutes from the previous meetings held on January 29th and March 26th, 2024, approval of the bank's financial statements for the first quarter ended March 31st, 2024, discussion of normal business activities, and any other business. The notification was sent by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary. A copy was also sent to the Securities & Commodities Authority.

Mashreqbank PSC, based in Dubai, UAE, held a Board of Directors meeting on 26th March 2024. The meeting saw the election of Abdulaziz Al Ghurair as Chairman and Ahmad Al Khallafi as Vice Chairman of the board. The composition of the Board Committee was also appointed. Other topics related to the bank's business and activities were discussed. The information was communicated by Shaima Al Obeidli, the Group Company Secretary.

Mashreqbank P.S.C. held its Annual General Assembly Meeting on 7th March 2024. The meeting was conducted at the Mashreqbank Head Office and virtually, chaired by H.E. Abdulaziz Abdulla Al Ghurair. The quorum of total attendees was 94.73%. The meeting resulted in the approval of the Board of Directors' report on the bank's activity and its financial position for the year ended 31st December 2023. The auditor's report for the same financial year was also approved. Furthermore, the bank's balance sheet and profit and loss account for the financial year ending 31st December 2023 were approved.

The Mashreqbank PSC, located in Dubai, UAE, has issued a final list of candidates for its Board Membership. This list comes after the approval of the candidates by the UAE Central Bank and the Board Nomination & Compensation Committee, in compliance with governance regulations. The candidates include Abdulaziz Al Ghurair, Ali Lootah, Iyad Malas, John Iossifidis, Rashid Al Ghurair, Saeed Al Ghurair, Rashid Al Jarwan, Mariam Ghobash, and Ahmad Al Khallafi. The information was conveyed by Shaima Al Obeidli, the Group Company Secretary, to Mr. Hamed Ahmad Ali, the CEO of the Dubai Financial Market.

Mashreq Bank P.S.C has invited its shareholders to attend the annual general assembly meeting, which will be held on 7th March 2024, either in person at the bank's headquarters in Dubai or virtually via an electronic link. The agenda includes authorizing the chairman to appoint a secretary and a vote collector, reviewing and approving various reports and financial statements for the year ended 31 December 2023, approving the appointment of the bank's Internal Shari'ah Supervisory Committee members, noting the amount of Zakat for the Islamic Window of the Bank, and considering the board's recommendation on the distribution of a cash dividend. Other items include approval of the board's remuneration, discharging or dismissing board members and auditors, appointing auditors for the financial year 2024, and electing board members for the term 2024-2027. Shareholders can register their attendance electronically and are entitled to discuss agenda items and ask questions. The meeting will be recorded.

The Board of Directors at Mashreq Bank PJSC has issued a resolution on 2nd February 2024, setting the date for the General Assembly Meeting for the bank's shareholders on 7th March 2024, following approval from relevant authorities. The information was conveyed to Mr. Hamed Ahmad Ali, the CEO of Dubai Financial Market, by Shaima Al Obeidli, the Group Company Secretary at Mashreq Bank. A copy of the notification was also sent to the Securities & Commodities Authority.

The Bank's Board of Directors has announced the opening of nominations for its board membership from 1st to 12th February 2024. Eligible applicants can submit their applications to the Bank's Management. The board will elect seven members, with at least one-third being independent and the majority being UAE Nationals. All members must be non-executive and include at least one female. Nominations will remain open for ten days following the announcement. Applicants must meet conditions set by the Federal Decree-Law No. (32) of 2021 and the Chairman of Authority's Board of Directors' Decision no. (3/ Chairman) of 2020. After the nomination period closes, candidates cannot withdraw or transfer their nomination. The list of candidates will be published on the Bank's website after approval from the Central Bank and shared with the Securities and Commodities Authority and Dubai Financial Market. Applications can be sent by courier or email to Shaima Al Obeidli, Group Company Secretary.

The Chief Executive Officer of Dubai Financial Market, Mr. Hamed Ahmad Ali, has received a letter from Mashreq Bank PJSC. The letter, dated 30th January 2024, notifies him that the bank's Board of Directors will be issuing a resolution on 2nd February 2024 at 10:00 a.m. The resolution will consider the date and venue for the General Assembly Meeting for the bank's shareholders. The letter is signed by Shaima Al Obeidli, the Group Company Secretary. A copy of the letter is also sent to the Securities & Commodities Authority.

The Mashreqbank PSC Group has released its audited consolidated financial statements for the year ending on 31 December 2023. The statements are currently pending approval from the Central Bank of U.A.E. and will be presented for adoption by shareholders at the annual general meeting.