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The GFH Financial Group B.S.C. has announced the nomination results for the membership of its Board of Directors (BOD). This follows the announcement issued on January 25, 2024, regarding the opening of nominations for 10 seats on the board for a new term of three years (2024-2027). The list of nominees includes 18 individuals who have met all the conditions and requirements for nomination. The names of the nominees are as follows: Ghazi Faisal Al Hajeri, Idris Mohammed Al Rufai, Hisham Ahmed Al Rayes, Ali Murad Ali, Rashid Nasser Al Kaabi, Darwish Abdullah Al Ketbi, Dr. Yusuf Abdullah Taqi, Talal Fawaz Al Tamimi, Abdulhamid Abdulaziz Al Basam, Abdullah Jihad Al Zain, Sheikha Manwa bint Ali bin Khalifa Al Khalifa, Dr. Zafar Rashid Al Jalahma, Shaima Tahami Abdulmotalib, Dr. Nasser Salah Boresli, Sushil Kumar Rajmal Jain, Khalid Abdullah Hisham, Prince Mahmoud Abdel Razek, and Monira Ansa Al Buainain.

The Board of Directors of Deyaar Development PJSC, a leading real estate developer in Dubai, UAE, has approved the distribution of dividends for the first time in the company's history. The Board recommended a dividend of 4% of the share capital (AED 175 million), which will be presented to the General Assembly for approval. The decision marks a significant milestone for Deyaar, reflecting its steady growth. The company's Annual General Assembly Meeting is set for 5th April. Deyaar is listed on the Dubai Financial Market and majority-owned by Dubai Islamic Bank (DIB).

GFH Financial Group has signed an agreement with Southern Star Investments W.L.L. to sell part of GFH's ownership in Khaleeji Bank's Additional Tier 1 Certificates. The nominal value of the sale is USD 74,962,912. Following regulatory approval and conversion, Southern Star Investments will own 282,610,178 ordinary shares, representing 25% of the issued and paid-up capital of Khaleeji Bank BSC. The transaction is expected to have a positive impact on GFH's financials and increase returns for the group.

Resolution No. 315 of 2024 temporarily suspends trading of RAPCO Investment PJSC shares on ADX. This decision is due to a clash between the RAPCO Investment PJSC Board of Directors Meeting scheduled for 09:30 on 6th March 2024 and the ADX trading session. Trading will be suspended from 09:00 on 6th March 2024 until ADX receives the meeting results. All department heads at ADX are required to implement this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all ADX departments, and all ADX-accredited brokers. The resolution was approved by the authorized person and issued on 5th March 2024.

Emirates Central Cooling Systems Corporation PJSC (Empower) has invited its shareholders to the annual general meeting on March 27, 2024. The agenda includes approving the appointment of the Secretary of the meeting and Dubai Financial Market as votes collector, the Board of Directors' report, the external auditor's report, and the consolidated financial statements for 2023. The board will also consider approving the interim cash dividend of AED 425,000,000 for both halves of 2023 and the company's dividend policy. The board's remuneration for 2023, discharging the board members and external auditors from liability for 2023, and variation in audit fees will also be considered. Finally, the appointment of the external auditors for 2024 will be discussed. Shareholders can register and vote electronically and may delegate a proxy to attend the meeting on their behalf. The quorum for the meeting is 50% of the company's share capital.

Resolution No. 314 of 2024 temporarily suspends trading of Waha Capital Company shares on ADX due to the company's AGM being held at the same time as the trading session. The suspension will start from 09:00 on 26-Mar-2024 until the AGM results are received by ADX. All department heads in ADX are required to implement this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. This resolution was approved by the authorized person and issued on 05/03/2024.