Maharah Human Resources Company (“Maharah”) announces the agreement with the other shareholders in TPH Center for Domestic Workers Services Company in Dubai (“TPH”) to restructure equity holdings in TPH.

Element List	Explanation
Announcement Detail	Maharah announces that shareholders in TPH – Dubai – have reached an agreement to restructure equity holdings in TPH where Maharah becomes an owner of a direct share of 96% of equity in TPH, up from an indirect share of 59.5%. The shareholders resolution was notarized at Dubai Notary Public on Tuesday 25 Ramadhan 1443H, corresponding to 26 April 2022G. TPH is in progress to reflect shareholders resolution on company licenses and documents. Further announcement about material developments on this subject will be announced on a timely basis.

Element List

Explanation

Announcement Detail

Maharah announces that shareholders in TPH – Dubai – have reached an agreement to restructure equity holdings in TPH where Maharah becomes an owner of a direct share of 96% of equity in TPH, up from an indirect share of 59.5%. The shareholders resolution was notarized at Dubai Notary Public on Tuesday 25 Ramadhan 1443H, corresponding to 26 April 2022G. TPH is in progress to reflect shareholders resolution on company licenses and documents. Further announcement about material developments on this subject will be announced on a timely basis.

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