Interests of Board members and Senior Executives in the Company’s shares or debt instruments
No Board members held direct interests in the Company’s shares during the period from the date of listing to 31 March 2026. Certain Board members have indirect beneficial interests through the Company’s substantial shareholders, as described in the Substantial Shareholders section on C 03.
The table below presents the shareholdings of Executive Management from the date of listing to 31 March 2026.
The Company has not issued any debt instruments.
| Executive Management | Number of shares | Net change | Change % | |
|
9 Dec 2025 (IPO date) |
31 Mar 2026 | |||
| Peter Faerber | 0 | 0 | 0 | 0 |
| Ruban Bilen | 0 | 0 | 0 | 0 |
| Helmi Fayad Hussein | 0 | 0 | 0 | 0 |
| Feras Bassam Hamad Aljumaa | 0 | 0 | 0 | 0 |
| Tomas Gerard Quinn | 0 | 0 | 0 | 0 |
| Jalal Ali Mahmoud Alfar | 0 | 0 | 0 | 0 |
| Andrew Peter Wilson | 0 | 3,769 | +3,769 | – |
| Muhammad Javed Manzoor Ahmad | 0 | 0 | 0 | 0 |
Governance of conflicts of interest
The Company’s governance framework for conflicts of interest is aligned with the Companies Law and the Corporate Governance Regulations. Directors are not permitted to have a direct or indirect interest in the Company’s transactions or contracts except with authorisation from the Ordinary General Assembly.
Directors are required to disclose any such interests to the Board, and these disclosures are recorded in the Board’s minutes. The interested Director is prohibited from participating in deliberations or voting on the relevant matter. The Chairman is responsible for disclosing such transactions to the General Assembly, supported by a report from the external auditor.
Directors have further confirmed their commitment to comply with applicable regulatory provisions, refrain from competing with the Company’s activities, and ensure that any related party transactions are conducted on an arm’s length basis.
Related party transactions
Related party transactions are subject to the requirements of the Companies Law and Corporate Governance Regulations. Any such transactions must be disclosed, reviewed, and approved in accordance with regulatory requirements, including obtaining authorization from the General Assembly where applicable. Transactions are conducted on an arm’s length basis.
The Company did not enter into any related party transactions during the year requiring disclosure under the applicable regulatory requirements.
Businesses or contracts involving interested persons
The Company has established procedures to ensure that any business or contract in which a Director has a direct or indirect interest is appropriately disclosed and managed. Such interests are communicated to the Board, documented in meeting minutes, and disclosed to the General Assembly with supporting auditor reporting. The concerned Director is excluded from participation in the related decision-making process.
The Company was not a party during the reporting period to any business or contract in which any Director, Senior Executive, or any person related to any of them had any interest requiring disclosure under the applicable regulatory requirements.
Competing business interests
In accordance with the Companies Law and the Corporate Governance Regulations, Directors are prohibited from engaging in any business or activity that competes with the Company’s operations without the approval of the Ordinary General Assembly. Directors have confirmed their commitment to comply with these requirements and to refrain from competing with the Company’s business.
During the year under review, no member of the Board of Directors or Senior Executive, nor any person related to them, was engaged in any business or activity that competes with the Company or any of its lines of business requiring disclosure under the applicable regulatory requirements.