Date: 06/07/2025

The Securities Depository Center (SDC) announced that on the evening of Thursday, July 3, 2025, it successfully completed the acquisition process whereby al Etihad Bank acquired 100% of the share capital of Invest Bank, totaling 125,000,000 shares. The acquisition was executed in exchange for the allocation of shares in Bank al Etihad’s capital to the shareholders of Invest Bank, proportionate to their ownership as of the date the shares of Invest Bank were suspended from trading for the purpose of the acquisition.

The SDC began executing the transaction on Thursday morning, with entitlements fixed in favor of Invest Bank shareholders on the same day to ensure the protection of their rights and legal positions in relation to the acquisition. The exchange process was carried out in accordance with the terms agreed upon and the resolutions of the general assemblies of both banks.

As part of the process, the SDC withdrew and re-registered the shares of Invest Bank shareholders that were held in their accounts with SDC members (brokers and custodians), after releasing any ownership restrictions and attachments such as pledges or freezes, and aggregated them in the central registry. These shares were then transferred in the name of al Etihad Bank to complete the acquisition.

Consequently, an increase in al Etihad’s Bank share capital totaling 125,203,252 shares was registered to reflect the acquisition. The newly issued shares were allocated to the eligible shareholders of Invest Bank and returned to their accounts with SDC members, mirroring their previous positions prior to the acquisition. Any former ownership restrictions were reinstated as applicable, bringing al Etihad Bank’s total registered and deposited capital with the SDC to 325,203,252 shares.

The SDC executed this transaction on the same day in a sequence of carefully designed procedural and technical steps, pre-tested on the SDC’s electronic systems to ensure a smooth and accurate execution process.

To keep investors informed and updated on the status of their holdings and accounts, the SDC notified shareholders of Invest Bank by the end of the working day on Thursday via SMS, detailing the actions completed and the number of shares allocated to each of them accordingly.

This transaction was carried out by the SDC as part of its off-market transfer operations, which are handled centrally due to the procedural requirements they entail, such as account adjustments, capital share processing, and restriction management. The transaction was completed on a same-day basis, without going through standard financial settlement processes, in accordance with the applicable legal and regulatory framework. This approach ensures the efficiency of capital market operations and the system’s ability to effectively meet the needs of relevant stakeholders.