Eshraq Investments : Minutes of Meeting of the General Assembly of the Company no. 2 of year 2022 held at 2h00 PM on Monday 01/08/2022;

Report Concerning the

General Assembly Meeting

• Company Name: Eshraq Investments PJSC

❑	Date:	Monday 01/08/2022
❑	Time:	From: 02h00 pm to: 02h30 pm
❑	Location:	Via Video & Audio Conference
❑	Type of Meeting:	General Assembly
		Designation	Names of Board of Directors
		Chairman	Mr. Jassim Mohamed Alseddiqi
		Vice-chairman	Dr. Saleh Hashem Alhashemi
		Member	Mr. Fraih Saeed Alqubaisi
		Member	Mr. Jasim Hussain Al Ali
		Delegated Member	Mr. Ajit Vijay Joshi
		Member	Mrs. Maha Alfahim
		Member	Mr. Omar Zeyad Galadari

A- Chairmanship of the General Assembly Meeting

The Chairman of the Company, Mr. Jassim Alseddiqichaired the meeting and he requested from Mr. Ziad Touma, the General Counsel and the Compliance officer of the Company, to serve as Rapporteur. The meeting was also attended by Mr. Ahmed Alnaqbi,representative of SCA, by Mr. Yahia Shatilarepresentative of the Auditors of the Company, M/s. Deloitte & Touche (M.E.), and Mr. Moataz Alqadi, the representative of the scrutator, First Abu Dhabi Bank.

All the attendees attended via Audio and Video Conference

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B- Agenda for General Assembly Meeting - Normal Resolution

Item 2 of the published Agenda	Approved	Not
Approved
To approve the recommendation of the Board of Directors
of the Company to transfer the current Company's
financial assets portfolio to the Goldilocks fund, and this
subsequent to the execution of the acquisition of
approximately 99.2% of Goldilocks Investment Company
Ltd that was previously approved by the General Assembly,	Yes
as an in-kind contribution to consolidate all its financial
holdings under a single entity and to constitute a larger
and more efficient portfolio so that the ownership of
Eshraq Investment PJSC in Goldilocks Investment
Company Ltd following the transfer of the ownership of the
contributed assets shall become 99.4% or higher.

C- Agenda for General Assembly Meeting - Special Resolution

	Item no. 1 of the published agenda			Approved			Not
					Approved
				Yes
	By Special Resolution: By Special Resolution: To		(at the majority
	approve the recommendation of the Board of Directors for
	the Company to buyback a number of its shares,	not		vote of
	exceeding 10% of the total number of shares, with	the	97.1877%,
		which is in
	intention of disposing them in accordance with	the
		excess of
	decision issued by the Securities and Commodities
		required 75% of
	Authority ("SCA") in this regard, and vest the Board of
	Directors of the Company with the following powers:			the attendees)
	A) To execute this decision of the General Assembly
	within the period approved by SCA; and
	B) Reduce the Capital of the Company by cancelling
	the purchased shares and accordingly amend the
	clause related to the capital in the Articles of
	Association of the Company in case the deadline set
	by SCA for the disposition of the purchased shares
	has expired.

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Right Issue

Bonus shares

N/A

N/A

Capital (Thousands in AED)

AuthorizedSubscribed

2,325,000,0002,325,000,000

Before Increase Type of Increase Amount of Increase After Increase2,325,000,000

E- Capital

Bonus shares

N/A

N/A

D- Others

Concerning item 1 of the Agenda- Special Resolution

The General Assembly vested the Board of Directors of the Company with the following powers and this for a period of four (4) years ending on 31/07/2026:

1. To execute this decision of the General Assembly within the period approved by SCA; and
2. Reduce the Capital of the Company by cancelling the purchased shares and accordingly amend the clause related to the capital in the Articles of Association of the Company in case the deadline set by SCA for the disposition of the purchased shares has expired.

Concerning item 2 of the Agenda- Normal Resolution

The General Assembly vested any Member of the Board Directors of the Company, acting jointly or individually, the widest powers to executed Item no. (2) of the Agenda and to sign any contract, document, certificate letter or agreement, including any transfer of ownership, assignment, novation, amendment, etc and this until completing the implementation of the contribution of all the financial assets of the Company to Golidlocks Investment Company Limited. This mandate is granted for (3) three years ending on 31/07/2025

NAME OF THE COMPANY:	ESHRAQ INVESTMENTS PJSC
Chairman/Chairperson:	Mr. Jassim Alseddiqi
Delegated Member of the Board:	Mr. Ajit Joshi
Date:	01/08/2022

No. of outstanding			No. of issued	Total reno. of
	Percentage %	shares after
shares		shares
		increase
2,325,000,000		N/A	N/A	N/A
Last Entitlement Date (LED)	Ex - Dividends	Registry Closing
Date (EXD)	Date (RCD)
N/A		N/A		N/A

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Right issue

	No. of outstanding			No. of issued	Total no. of
		Percentage %	shares after
	shares		shares
			increase
	2,325,000,000				N/A	N/A	N/A
	Last Entitlement Date (LED)	Ex - Dividends	Registry Closing
	Date (EXD)	Date (RCD)
	N/A		N/A		N/A
					Cash Dividends
	Percentage	Value
	N/A		N/A
	Last Entitlement Date (LED)	Ex - Dividends	Registry Closing
	Date (EXD)	Date (RCD)
	N/A		N/A		N/A
					Stock Split
	Par value	No. of outstanding shares
	Before the split		After the split	Before the split		After the split
	N/A			N/A	N/A		N/A

Date: 01/08/2022

Chairman

Jassim Alseddiqi

Note:

• Last Day to Participate: Last Day to buy the stocks to be eligible for the dividends.
• Ex-DividendsDate (EXD): The day following the last Entitlement date and excluding from dividends
• Record Date: The date on which registered shareholders worth in stock profits registered or any other decisions.
• Payment Date: The date on which a declared Dividends to be paid.

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