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RAPCO Investment issued a clarifying disclosure detailing the requirements and procedures for shareholders to delegate proxies for general assembly attendance and voting.
Individual proxyholders are restricted from representing more than 5% of the company’s issued capital and cannot be board members or employees of the company or its brokerage.
Proxy signatures must be approved by authorized entities, such as a Notary Public, Commercial Chamber, or a licensed bank or company where the agent holds an account.
Documentation requirements include valid Emirates IDs or passport copies for both parties, while corporate proxies must provide a board resolution and a valid trade license.

Clarifying disclosure regarding the approval of proxy