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Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, has signed an agreement to supply district cooling services to the Palm Gateway project in Palm Jumeirah, Dubai. The service will have a capacity of 9,470 refrigeration tons and is expected to start in the second quarter of 2026. Palm Gateway is a luxury residential development consisting of three interconnected towers with modern amenities. Empower's CEO, Ahmad Bin Shafar, stated that this agreement reflects the trust of real estate developers in Empower's services, which consume up to 50% less energy than conventional systems. Empower aims to support Dubai's sustainability goals by reducing carbon emissions and enhancing energy efficiency.

On 12 March 2025, the Board of Directors of Emirates Islamic Bank (P.J.S.C.) reviewed a valuation report by KPMG, the bank's financial advisor, regarding a mandatory cash offer from Emirates NBD Bank (P.J.S.C.) to acquire all shares of Emirates Islamic Bank. The offer proposes a cash consideration of AED 11.95 per share, leading to Emirates NBD owning 100% of the bank's issued and paid-up ordinary shares. The valuation report suggests a fair value for 100% of the shares ranges between AED 3.68 and AED 4.06 per share. The Board unanimously decided to recommend the offer to the bank's shareholders and to publish a shareholders' circular with the Board's recommendation and a summary of the valuation report.

The Board of Directors of Dubai Refreshment (PJSC) invites shareholders to the annual General Assembly meeting on March 12, 2025, at 12:00 PM. The meeting will be held electronically and at the company's premises in Dubai Investment Park 2. The agenda includes approving the Board of Directors' and Auditor’s reports, discussing the company's financial statements for the fiscal year ending December 31, 2024, and deciding on board member remuneration. The meeting will also involve discharging the Board and auditors for the fiscal year 2024, appointing auditors for 2025, and determining their fees. Shareholders will consider a proposal for a dividend distribution of AED 90 million and approve the appointment of Mrs. Fareeda Mohammed Rafee Salmanpour and Mr. Mohammed Saeed Rashid Ali Al Shehhi as board members. Additionally, there will be a special resolution to authorize the Board to make voluntary contributions in 2025, not exceeding 2% of the average net profits of the preceding two years. Shareholders may delegate a representative to attend, with certain restrictions on proxy representation.

GFH Financial Group has announced the purchase of 8,212,483 treasury shares, increasing its total holding of treasury shares from 297,724,647 (7.77% of total issued shares) to 305,937,130 (7.98% of total issued shares) as of March 11, 2025. The decision to purchase was made at a board meeting on March 24, 2024, with approval from the relevant authority on February 16, 2025. The average purchase price was 0.3100 USD per share, representing 0.214% of the issued capital. There are 77,322,253 shares remaining available for purchase. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.

The Dubai Electricity and Water Authority (DEWA) has announced the closure of the nomination period for its Board of Directors membership, which ended on March 10, 2025. This process is in accordance with Federal Decree Law No. 32 of 2021 on Commercial Companies and the Securities and Commodities Authority's Corporate Governance Guide. The candidates who submitted their applications during the nomination period have been vetted by the Board ESG, Nomination, and Remuneration Committee. The election for the Board of Directors will occur during the Annual General Assembly meeting on March 21, 2025, at 11 a.m. The list of candidates is provided on the following page. This announcement is issued by Aakash Nijhawan, Group Head of Investor Relations, on behalf of DEWA.