Results of BOD Meeting

The Board of Directors approved the conversion of 180,433,019 Mandatory Convertible Bonds (MCBs) into an equal number of ordinary shares, increasing the company's share capital from AED 3,190,253,888 to AED 3,370,686,907.
The newly issued shares resulting from the conversion will be subject to a 12-month trading lock-up period, pending final regulatory and Capital Market Authority approvals.
An additional item was added to the September 2026 General Assembly agenda to consider discharging the Board of Directors from liability for the financial year ended December 31, 2025.