BOARD MEMBERS’ SHARES TRANSACTIONS / DEALINGS DURING 2021
(including first degree relation)
Policy for securities issued by Gulf Navigation Holding (Insider Trading)
At GNH, there are set of guidelines for Board Members and employees with respect to transactions in GNH shares as well as securities of the parent company, subsidiaries and associate companies (where applicable). This policy is reviewed periodically as part of Company’s Corporate Governance Manual and revised in accordance with the latest/updated versions of the SCA’s “Regulations as to Disclosure and Transparency” (where applicable).
As per the policy, an employee who is familiar with the important, confidential/ undisclosed information which may have an impact on the market share price has been classified under the category of “Restricted Person”. Accordingly, Board Members and Company employees are not allowed to trade in GNH securities during blackout period (or restricted period) as defined by the SCA rules and regulations.
The Company has formed a committee with senior management employees to review and monitor the insiders’ shares trading (of board members and employees) on a periodic basis. The Committee comprises of three members:
- Mr. Abdulrahman Al
Afifi – Chairman - Mr. Yazan S.
Maragha – Board Secretary - Member - Mr. Nader
Muqbel – Head of Investor Relations & CorporateCommunications – Member
The following tasks have been performed by the Committee during the year 2021:
- Maintenance and regular updating of a statutory register of insiders.
- Formally informs the insiders of the relevant closed periods to ensure that no trading is done by them during those periods.
- Obtains signed declaration from the insiders and the other staff on their Company share trading activities.
Board of Directors’ dealings/transactions in the company securities
Board members are required to disclose their shares trading activities (including first degree relations) on an annual basis, through a pre-defined
NAME OF BOARD MEMBER | POSITION/RELATIONSHIP | TOTAL NO. OF SHARES PURCHASED | TOTAL NO. OF SHARES SOLD | NO. OF SHARES HELD AS AT 31ST DEC 2021 |
---|---|---|---|---|
H.H. Sheikh Theyab Bin Tahnoon Bin Mohammad Al Nahyan | Chairman of the Board | |||
Eng. Abdulla Subhi Atatreh | Vice Chairman | |||
Mr. Ahmad Kilani | Board Member | |||
Dr. Abdul Rahman Al Afifi | Board Member | |||
Dr. Abdulaziz Fahad H. Alongary | Board Member | |||
Mr. Mohamed Alhammadi | Board Member | |||
Resigned Members (As at June 10, 2021) | ||||
Eng. Waleed Mohammad Mohammad | Board Member | – | 893,748Number of Shares purchased, sold or held as at June 10, 2021. | 29,106,252Trading Report obtained from DFM. |