Meraas fulfills all conditions of the DXB acquisition offer.

Yesterday, Meraas confirmed, in a letter addressed to DXB Entertainments, that all conditions relating to the acquisition offer submitted by it have been fulfilled, noting that the offer is unconditional in all respects.

She stated in her letter that, within three days after the unconditional date, she will settle the cash consideration owed to the shareholders of DXBE who have accepted the offer through the relevant payment method as it is registered with Dubai Deposit for each shareholder who has accepted the offer, according to a published statement. On the Dubai Financial Market.

She said that in the event that one of the "DXBE" shareholders who accepted the offer did not register the payment method with Dubai Deposit, the relevant DXBE shares would continue to be transferred to Meraas, and the consideration attributed to that shareholder would be kept in "DXBI." By Dubai Depository on behalf of the shareholder to be released upon registration for an appropriate payment method.

The company confirmed its application of the full terms and conditions of the offer contained in the offer document and announced on February 9, 2021 in this announcement, unless the context requires otherwise.

It is noteworthy that, on December 20, 2020, Meraas Entertainment Company announced the terms of the conditional cash offer to be submitted in order to acquire 100% of the issued and paid-up capital of the common shares of DECBE.

On March 15, 2021, DXB Entertainments announced the approval of the majority of its shareholders during the general assembly meeting of the decisions regarding the acquisition offer submitted by Meraas Entertainment.

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