Schedule of Amendments to the Articles of Association of RAK Ceramics PJSC | premargin
Schedule of Amendments to the Articles of Association of RAK Ceramics PJSC
·ADX·General Disclosure | Announcements·March 7, 2026·View on exchange
AI Summary
RAK Ceramics PJSC has amended its Articles of Association to align with UAE Federal Decree-Law No. (32) of 2021, updating governance definitions, board composition requirements, and capital increase procedures.
The Company’s business objectives were expanded to include four new activities: managing real estate assets, generating electrical energy for operations (with the right to sell surplus), fuel and gas distribution, and water treatment and distribution.
New articles were introduced to regulate the issuance, trading, and conversion of negotiable Bonds or Sukuk, including a prohibition on bearer instruments and specific mechanisms for mandatory or optional conversion into shares.
Board of Directors requirements were reorganized to mandate that at least one-third of the seven members are independent and that the company complies with statutory quotas for female representation and UAE national members.
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