Waterfront Real Estate Company discusses its Board of Directors' recommendation to distribute cash dividends for the fiscal year ending December 31, 2023, at a rate of 6% of the nominal value of the share, at 6 Fils per share, for shareholders registered in its records on the day of the General meeting, and treasury shares are excluded from cash dividends.

This is during its ordinary general meeting for the fiscal year ending December 31, 2023, scheduled to be held on Wednesday, November 13, 2024. 

It will also review other items on its agenda as follows:

- Discussing the Board of Directors' report on the company's activity, financial position and business results for the fiscal year ending December 31, 2023, and approving it.
- Discussing the external auditor's report on the results of the company's financial statements for the fiscal year ending December 31, 2023, and approving it.
- Discussing and approving the financial statements for the fiscal year ending December 31, 2023.
- Reviewing any violations detected by the regulatory authorities and any penalties issued because of those violations that resulted in the application of penalties (financial and non-financial) to the company (if any).
- Reviewing the report on transactions made with related parties for the fiscal year ending on December 31, 2023, and transactions that will take place during the fiscal year ending on December 31, 2024, for approval and adoption.
- Reviewing the report on the benefits and advantages provided to members of the Board of Directors, regardless of their nature, for approval and adoption.
- Discussing the authorization of the Board of Directors to distribute interim profits (semi-annual or quarterly), and authorizing it to determine the distribution percentage, provided that the distribution is from real profits, in accordance with generally accepted accounting principles, and that this distribution does not affect the company's paid-up capital.
- Discussing the Board of Directors' proposal not to pay a bonus to the members of the Board of Directors for the fiscal year ending on December 31, 2023.
- Discussing the approval of the license for the Chairman of the Board of Directors or any of the members of the Board of Directors to combine membership in the Board of Directors of two competing companies, or to participate in any work that would compete with the company or to trade for his own account or for the account of others in one of the branches of activity carried out by the company for the year 2024, in accordance with the text of Article 197 of Companies Law No. 1 of 2016.
- Discussing the approval of the license for anyone who has a representative on the Board of Directors or for the Chairman or one of the members of the Board of Directors or one of the members of the Executive Management or their spouses or relatives of the second degree to have a direct or indirect interest in the contracts and transactions concluded with the company or on its behalf for the year 2024, in accordance with the text of Article 199 of Companies Law No. 1 of 2016.
- Discussing the authorization of the Board of Directors to buy or sell the company's shares not exceeding 10% of the number of its shares, in accordance with the provisions of Law No. 7 of 2010 And its executive regulations and amendments.
- Discussing the deduction of 10% of the net profits for the company's mandatory reserve in accordance with the text of Article 222 of Companies Law No. 1 of 2016.
- Discussing the non-deduction of 10% of the net profits for the company's optional reserve in accordance with the text of Article 225 of Companies Law No. 1 of 2016.
- Discussing the release of the members of the Board of Directors and their discharge from all matters related to their financial, administrative, and legal actions for the fiscal year ending on December 31, 2023.
- Discussing the reappointment of the auditor for the fiscal year ending on December 31, 2024, and authorizing the Board of Directors to determine his fees.

if the legally required quorum for the validity of this meeting is not available, a second meeting of the Ordinary General Assembly will be held in the same place and for the same agenda, on Wednesday, November 27, 2024, and this invitation is considered valid for the second meeting, which is valid regardless of the number of attendees.