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The proposed amendments to the basic system of Al Wathba National Insurance Company P.S.C. are due to Federal Decree-Law No. (32) of 2021 regarding commercial companies, which replaced Federal Law No. (2) of 2015, and Federal Decree-Law No. (48) of 2023 regarding the regulation of insurance business, which replaced Federal Law No. (6) of 2007. These laws required public joint-stock companies to modify their basic systems to comply with their provisions. On April 23, 2024, the company's general assembly agreed to amend the provisions of the company's basic system to comply with the Federal Law No. (32) of 2021 and its amendments regarding commercial companies. Definitions were also amended, including the term "related parties", which now refers to the chairman, board members, their relatives, and top executive management of the company, among others. The term "executive board member" refers to a member who holds a position or receives a monthly or annual salary from the company, while a "non-executive board member" has no administrative responsibilities within the company.

The Board of Directors of Al Wathba National Insurance Company has announced the opening of nominations for membership on the board. The nomination period will run from Tuesday, 02/04/2024 to Friday, 12/04/2024. Interested individuals or shareholders who meet the nomination conditions can apply by submitting an application to the company's head office in Abu Dhabi. The application must include an introductory profile of the applicant and the capacity of membership they wish to nominate themselves for (Non-Executive Director, Independent Director, or Non-independent Director). The board intends to elect nine members. The nomination period will remain open for at least 10 days from the date of the announcement.

The Securities & Commodities Authority has approved the annual general assembly meeting to be held at The St. Regis Abu Dhabi or remotely via electronic participation. The meeting is scheduled for 12 PM on Tuesday, 23/04/2024. Shareholders are formally invited to attend. The invitation and meeting agenda are attached. The document is signed by Muralikrishnan R, an authorized signatory. The reference for this communication is AD/MGT/ 0116 /2024, dated 10/04/2024.

ADNOC Gas shareholders have approved a $3.25 billion dividend for 2023, with a final cash dividend of $1.625 billion to be paid in Q2 2024. The company plans to increase its dividend by 5% annually for the next four years, reflecting the strength and predictability of its future revenues. Growth prospects for the company are supported by assured feedstock growth from ADNOC, the planned acquisition of the Ruwais LNG mega project, and strong domestic and global demand for natural gas. Over the next five years, ADNOC Gas plans to invest over $13 billion in domestic and international growth opportunities, expecting to boost its EBITDA by up to 40%. The company also plans significant investments, including $4.9 billion in contracts awarded in 2023, to drive future growth with a focus on decarbonization, digital transformation, and AI-driven technological innovation.

Al Yah Satellite Communications Company (Yahsat), the UAE's premier satellite solutions provider, has appointed Amit Somani as its Chief Growth and Strategy Officer. Somani, a satellite communications industry veteran, previously worked with Yahsat from 2010 to 2022 in various roles, including Vice President of Strategy and Business Development and Chief Strategy Officer. In his new role, he will oversee the company's growth strategy and lead its global strategic partnerships. His expertise will be instrumental in diversifying the company's product range and expanding into new market segments.

The company has invited investors, analysts, and media to a discussion session on MSX scheduled for 8th April 2024 at 12:00 pm. The one-hour session will focus on the audited financial results for the financial year ended 31st December 2023, which were disclosed on the MSX website on 12th March 2024. The session will be conducted via Zoom with provided meeting details. For more information, contact Dr. Said bin Hilal Al-Kharousi, Manager - Administration & Investor Relations, at saeedk@omanemirates.com or 0096824036800.

The Annual General Assembly of Alpha Dhabi Holding PJSC was held on March 20, 2024, at the IHC Headquarters in Abu Dhabi, with the option for remote attendance and electronic voting. The meeting saw a 75.32% attendance of shareholders, representing 7,532,191,029 shares. The agenda included discussing various topics and making related decisions. The Chairman of the Board, Mohamed Thani Murshid Ghannam Al Rumaithi, and Managing Director, Hamad Salem Mohamed Saeed Al Ameri, were present.