Deyaar Development PJSC — Regulatory Filings 2022

Apr 28, 2022

Form for disclosing the results of the General Assembly Meeting

Date	27 th April 2022
Name of the Listed Company	Deyaar Development PJSC
Date and day of the meeting	27 th April 2022
The starting time of the meeting	01:00 pm
The ending time of the meeting	02:00 pm
Venue of the meeting	remotely/online
Chairman of the General Assembly Meeting	Mr. Abdallah Ali Obaid Al Hamli
Quorum of the total attendance (percentage of	50.88%
capital)
Distributed as follows:
1- Personal attendance rate (%)
н Authenticity (%)	0.20%
Proxy (%)	50.68%
2- Attendance through electronic voting (%)	50.88%
Decisions and Resolutions of the General Assembly
meeting
1. Approve the Report of the Board on the
Company's activities and financial position
for the year ended 31 December 2021;
2. Approve the Auditor's Report on the
Company's financial position for the year
ended 31 December 2021;
3. Approve the Company's Balance Sheet and
Profit and Loss Account for the year ended
31 December 2021;
4. Approve the Board of Director
recommendation of the non-distribution of
dividends for the financial year ended 31
December 2021;

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Deyaar Development PJSC
PO Box 30833, Dubai, UAE
T: +971 4 395 7700 F: +971 4 399 0724

5.	the Approve remuneration policy
	considering committee sitting fee and any
	additional tasks assigned to the Board
	members;
6.	Approve the Board's remuneration proposal
	for the year ended 31 December 2021;
7.	Discharge the members of the Board
	for the year ended 31 December 2021 or to
	dismiss them and file a liability lawsuit
	against them, as the case may be;
8.	Discharge the Company's auditors
	for the year ended 31 December 2021 or
	dismiss them and file a liability lawsuit
	against them, as the case may be; and
9.	Appoint the Company's auditors and
	determine their fees.
	10. Appoint the Board of Directors
	Mr. Abdullah Ali Obaid Al Hamli
	Mr. Mohammed Abdullah Al Nahdi
	Mr. Adnan Chilwan
	Mr. Obaid Nasser Lootah
	Mr. Yasser Bin Zayed Al Falasi
	Mr. Mohamed Saeed Ahmed Al Sharif
	Ms. Maryam Mohammed Bin Fares
	H.E Hamad Buamim
	Mr. Rashid Hasan Al Daboos
	Special Decisions and Resolutions of the General
	Assembly meeting
1. Approve the reduction of the issued share
capital of the Company of AED 5,778,000,000
(Five Billion Seven Hundred Seventy-Eight
	Million UAE dirhams) to AED 4,375,837,645
	(Four Billion Three Seventy-Five Million
	Eight Thirty Seven Thousand Six Hundred

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DEYAAR 7:+971 4 395 7700 F: +971 4 399 0724

Forty Five UAE dirhams) with a reduction amounting to AED 1,402,162,355 (One Billion Four Hundred Two Million One Hundred Sixty Two Thousand and Three Hundred Fifty Five UAE dirhams). The reduction will be through partially writing off the accumulated losses amounting to AED 1,705,600,323 (One Billion Seven Hundred Five Million Six Hundred Thousand Three Hundred Twenty Three UAE dirhams) as of 31 December 2021, by the legal reserves amounting to AED 303,437,968 (Three Hundred Three Million Four Hundred Thirty Seven Thousand Nine Hundred Sixty Eight UAE Dirhams) as of the same date, and cancelling a number of shares equivalent to the remaining amount of accumulated losses of AED 1,402,162,355 (One Billion Four Hundred Two Million and One Hundred Sixty Two Thousands Three Hundred Fifty Five UAE dirham)

• 1. Approve the amendment of Article 5.1 and Article 15.3 of the Company's Article of Association.
• 1. Approve delegating the Company's CEO and /or any of the members of the board of directors of the Company to solely take all necessary steps to reduce the share capital of the Company and the General Assembly should determine the date of the capital reduction.

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DEYAAR

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Deyaar Development PJSC PO Box 30833, Dubai, UAE T: +971 4 395 7700 F: +971 4 399 0724