Abu Dhabi National Hotels Co.

The Abu Dhabi National Hotels Company (PJSC) is a public joint stock company established in Abu Dhabi, UAE, in accordance with Law No. 3 of 1975 and its amendments. It is registered with the Department of Economic Development in Abu Dhabi under commercial registration number CN-1002138. The company operates under Federal Law No. 8 of 1984 on Commercial Companies, which was repealed by Federal Law No. 2 of 2015, requiring amendments to the company's Articles of Association. The General Assembly of the company approved these amendments on June 20, 2016, to comply with the new law. Further amendments were approved on February 24, 2020, to align with Federal Law No. 3/RM of 2020, adopting the Corporate Governance Guide for Public Joint Stock Companies.

The text provides an unaudited review report and condensed consolidated interim financial information for Abu Dhabi National Hotels Company PJSC for the three-month period ending on 31 March 2024.

The Chairman's report and consolidated financial statements for Abu Dhabi National Hotels Company PJSC for the year ending 31 December 2023 have been released. The report provides an overview of the company's financial performance and operations during the year. It also includes comments from the chairman, financial statements, and other relevant information for investors and stakeholders.

Abu Dhabi National Hotels (ADNH) has announced a partnership with Kempinski Hotels to rebrand two of its most prestigious properties in Dubai. Effective from January 1, 2024, the Address Boulevard and The Address Dubai Mall will operate under the Kempinski Hotels brand. The rebranding initiative aims to elevate the luxury hospitality landscape in the region. The CEO of ADNH, Khalid Anib, expressed his delight at the partnership, stating that Kempinski's strong track record makes it an ideal partner for this venture. René Nijhof, Chairman of Kempinski S.A, also commented positively on the partnership, stating that it represents a significant step forward for the company.

Abu Dhabi National Hotels (ADNH) has announced a partnership with Marriott International to rebrand three iconic hotels in Dubai. The initiative aims to enhance the luxury hospitality landscape in the region. Starting from January 1, 2024, ADNH will operate these properties under the brands of JW Marriott and Autograph Collection Hotels. The hotels to be rebranded include JW Marriott Hotel Marina (formerly The Address Dubai Marina), Hotel Boulevard, Autograph Collection (formerly Vida Downtown Dubai Hotel), and The Heritage Hotel, Autograph Collection (formerly Manzil Downtown Dubai Hotel).

Abu Dhabi National Hotels and Emaar Hospitality Group have agreed to transfer the management of five hotels from Emaar Hospitality Group to Abu Dhabi National Hotels, effective from 1st January 2024. The hotels are Address Boulevard, Address Dubai Mall, Address Dubai Marina, Vida Downtown, and Manzil Downtown. This move aligns with Abu Dhabi National Hotels' strategy to expand its franchise business and is expected to bring a fresh perspective while building on the foundation established by Emaar Hospitality Group.

The text is a review report and condensed consolidated interim financial information for Abu Dhabi National Hotels Company PJSC. It covers the financial performance of the company for the nine-month period ending on 30th September 2023. This report is not audited.