17 Employees’ Share-Based Payment Scheme

Employees’ share-based payment scheme

The share-based payment scheme is administered by a trustee and gives the Board of Directors the authority to determine which employees of the Group will be granted the shares.  The values of shares granted to employees are expensed in the period in which they are granted, and that of the remaining shares are included within shareholders’ equity. During the period, no shares were granted to employees and the value of outstanding shares not yet granted to employees as of
31 December 2017 was AED 1,750 thousand (2016: AED 1,750 thousand).