Board's Decision of 24/9/2019

- Approving the registration of the capital increase in shares of the Holy Land Insurance Company of 4,868,691 shares through non-public offering, at a nominal value of JD 1 per share, with an issuance discount of JD 0.3 or 90% of the last closing price of the company's share on the date of the Board's approval whichever is higher, and allocating them to the shareholder Baha Al-Din Muhyi Al-Din Al-Mudhaffar, in return for providing in-kind contributions, provided banning the disposal of  shares for two years from the date of completion of  the issuance procedures with the Commission, taking into consideration the following:

1. The issuance procedures must be fulfilled within a period not exceeding 30 working days from the date of the Commission's approval to register these shares.

2. Payment of the prescribed fees.

- Approving the registration of the capital increase in shares of Al-Sheraa Real Estate Development and Investments Company of 2,653,193 shares, through capitalization of JD 2,653,193 from the account of “conditional deposits” and distributing them as stock dividends to shareholders, each its share in the capital, provided that:

1. The right of the stock dividends shall be exercised by the shareholders as they are at the end of the 15th day of the Board’s decision of registering the capital increase in shares.

2. Disclosure of the date of shareholder’s right shall be no more than (7) days before the date of the emergence of the right in two journals at least twice.

3. Payment of the prescribed fees.