The Board of Directors of Al Mal Capital PSC (“the Company”) are pleased to invite all shareholders to attend the Annual General Meeting of the Company to be held at Al Mal Capital PSC head office in office 901, 48 Burj Gate, Downtown Dubai Sheikh Zayed Road, as well as via electronic attendance, at 1:30 PM on Wednesday the 23rd of April 2025, to review and discuss the following agenda items:
- Select meeting rapporteur and voting
- Discuss and approve the Board of Director’s Report on the Company’s activities and its consolidated financial position for the financial year ended 31 December 2024.
- Discuss and approve the Company’s consolidated statement of financial position and consolidated statement of income for the fiscal year ended 31 December
- To discharge the Board of Directors liability for the financial year ended 31 December 2024.
- To discharge the Auditors liability for the financial year ended 31 December.
- The appointment of independent auditors for the financial year 2025 and determine their remuneration.
- To consider the approval of the remuneration of the Board of Directors in the form of a lump sum amounting to AED 207,000 per Director as stipulated under article 35-2 of the Company’s Articles of Association, additionally, to approve an extra fee totaling AED 200,000 for selected members in recognition of their additional efforts during the year.
- Grant approval to the Board of Directors as per article 152 of Federal Decree Law No. 32 of 2021 – Prohibited Dispositions by the Related Parties.
- Special Resolution: to consider the approval of carrying out amendments to Article 5 of the Company’s Articles of Association towards the inclusion of the identification activity to the Company’s purposes, as well as adding an additional financial activity (introduction). Furthermore, to authorize the Board of Directors to take all necessary actions to implement this amendment which includes obtaining the required regulatory Approvals.
- To discuss the possibility of distributing dividends or not for the financial year ended 31 December 2024.
In the event that a quorum is not present, the second round for the Annual General Assembly meeting will be held on Wednesday the 30th of April 2025 at the same place and time.A shareholder who cannot attend the meeting may appoint in writing, as his proxy, any person (other than a member of the Board of Directors) to attend the meeting and to vote on their behalf. This person should not enjoy, as a result of this proxy, more than 5% of the share capital.