The Board of Directors of Al Baraka Group B.S.C. resolved, at its meeting held on 20 February 2024 to recommend the distribution of dividend for the year ending 31 December 2023 to the shareholders whose names are registered on the company's register on the Record Date. This is subject to the approval of the company's shareholders on the upcoming Annual General Meeting. The proposed distribution is as follow: Cash Dividend: 1% of share nominal value, equivalent to US cents 1 per share amounting to USD 12,357,047 (excluding the treasury share) (The proposed annual cash dividend includes 0% declared and paid to the shareholders as interim dividend).

Shareholders' approval date is March 20, 2024. Record date is January 17, 2024. Payment date is April 3, 2024.