ESHRAQ INVESTMENTS P.J.S.C

The document is a review report and condensed consolidated financial information for Eshraq Investments PJSC, covering the nine-month period ending on September 30, 2024.

Eshraq Investments PJSC, listed on the Abu Dhabi Securities Exchange, reported a profit of AED 6.7 million for Q3 2024, marking a 91% increase from the previous quarter and a significant improvement from a net loss of AED 83.3 million in Q3 2023. Finance income increased by 7.7% from the previous quarter and by 64% from Q3 2023, reaching AED 2.4 million. The company has made progress in its new strategy focusing on private equity and income-generating assets, while continuing efforts to redeem its holdings in the Goldilocks Fund for direct management. Eshraq's liabilities decreased by 11.4% since the end of 2023, aided by strategic exits from Goldilocks Fund holdings, which reduced liabilities by AED 403 million over nine months. Commercial real estate operations generated AED 4.0 million in Q3 2024, a 42% year-on-year decrease due to asset sales in 2023, with gross profit down 5% from the previous quarter and 28% year-on-year. Residential assets in Marina Rise Abu Dhabi maintained strong occupancy rates at approximately 97% in Q3 2024.

Eshraq Investments PJSC has released a review report and condensed consolidated financial information for the nine-month period ending on September 30, 2024.

Eshraq Investments PJSC held a Board of Directors meeting on November 13, 2024. The board approved the following: the condensed consolidated interim financial information for the nine-month period ending September 30, 2024, the business plan for 2025 and 2026, and decisions regarding internal administrative and organizational matters.

Resolution No. 513 of 2024 announces the temporary suspension of trading for ESHRAQ INVESTMENTS P.J.S.C shares on the Abu Dhabi Securities Exchange (ADX). This suspension will begin at 11:30 on November 13, 2024, coinciding with the company's Board of Directors meeting, and will remain in effect until ADX receives the results of the meeting. The resolution mandates that all relevant departments at ADX execute this decision and that the resolution be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on November 8, 2024.

Eshraq Investments PJSC, located in Abu Dhabi, UAE, has scheduled a Board of Directors' meeting on Wednesday, November 13, 2024, at 11:30 AM. The meeting agenda includes reviewing and approving the unaudited condensed consolidated interim financial information for the nine-month period ending September 30, 2024 (Q3 2024), reviewing and approving the business plan for 2025 and 2026, and discussing other general business matters. The disclosure was communicated by Mohammad Al Bazaieh, the Corporate/Board Secretary, to the Disclosure and Compliance Section of the Abu Dhabi Securities Exchange.

On October 4, 2024, Eshraq Investments PJSC held its fifth Board of Directors' meeting for the year. The meeting took place at 11:30 am and involved discussions and approvals of general business matters related to the company. The disclosure was addressed to the Abu Dhabi Securities Exchange's Disclosure and Compliance Section. The letter was signed by Mohammad Al Bazaieh, the Corporate/Board Secretary.

Eshraq Investments PJSC has scheduled its Board of Directors' Meeting No. 5 for the year 2024 on Friday, October 4, 2024. The meeting will be conducted via video and audio conference call, starting at 11:30 AM. The agenda for the meeting includes discussing general business matters that will not impact the share price. The disclosure was signed by Mohammad Al Bazaieh, the Corporate/Board Secretary, and addressed to the Disclosure and Compliance Section of the Abu Dhabi Securities Exchange.

ESHRAQ INVESTMENTS PJSC has released a review report and condensed consolidated financial information for the six-month period ending on June 30, 2024.