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The GFH Financial Group B.S.C. has announced the updated list of nominees for the membership of the Board of Directors for a new term from 2024 to 2027. The nominees who have met all the requirements for the nomination include Ghazi Faisal Al Hajeri, Idris Mohammed Al Rifai, Hisham Ahmed Al Rais, Ali Murad Ali, Rashid Nasser Al Kaabi, Dervish Abdullah Al Ketbi, Abdullah Taqi, Fawaz Talal Al Tamimi, Abdulaziz Abdulhamid Al Basam, Abdullah Jihad Al Zain, Sheikha Manwa Bint Ali Bin Khalifa Al Khalifa, Dr. Zafer Rashid Al Jalahmah, Shaima Tahami Abdulmatlab, Dr. Nasser Salah Boresli, Sushil Kumar Rajmal Jain, Khalid Abdullah Hisham, Radhi Abdul Amir Mahmoud, Muneera Salim Al Buainain, and Abdul Mohsen Bin Rashid Al Rashid. Further information on the nominees can be found in the attached schedule.

GFH Financial Group has announced the purchase of 4,504,430 treasury shares. This acquisition increases their total holding of treasury shares from 170,452,781 (representing 4.45% of the total issued shares) to 171,182,781 (representing 4.47% of total issued shares) as of 19th March 2024. The decision to purchase was made during a company board meeting in September 2021, and the purchase was approved by the Authority in March 2024. The shares were bought at an average price of $8820 USD each. The purchased shares represent 0.118% of the issued capital.

The Abu Dhabi Future Energy Company (Masdar), in which the Abu Dhabi National Energy Company (TAQA) holds a 43% stake, has signed a definitive agreement to acquire a 50% stake in Terra-Gen Power Holdings II, one of the largest independent renewable energy power producers in the US, from Energy Capital Partners (ECP). ECP will fully exit its position in Terra-Gen as a result of the transaction. The remaining 50% stake in Terra-Gen will be retained by Igneo Infrastructure Partners, which made its initial investment in Terra-Gen in December 2020. The transaction is expected to close by the end of 2024, subject to regulatory and other customary approvals.

Hily Holding PJSC held a board meeting on 19/03/2024 via video conference. All five board members were present and the minutes from the previous meeting were approved. The financial statement for the period ending 31/12/2023 was discussed and approved, with a net profit of 6.188 million AED compared to 76.915 million AED in 2022. The board decided to call for a General Assembly Meeting on 24/04/2024, subject to SCA approval, with proposals to not distribute dividends for 2023 and to discuss board remuneration for the same year. The Corporate Governance Report and the audit committee report for 2023 were both approved. Other operational matters were discussed and decisions were taken.