Press releases, Reports & Disclosures for Amlak Finance P.J.S.C

Date: 13 September 2024 Listed Company: Amlak Finance PJSC Date and Day of the Meeting: Wednesday, 18 September 2024 Meeting Starting Time: 3:00 PM Agenda of the Meeting: - Normal business activities and updates Name of the Authorized Signatory: Lama Takieddin Designation: Head of Corporate Governance & Company Secretary Signature: [Signature]

Amlak Finance PJSC announced its H1 2024 financial results, reporting a net profit of AED 30 million, down from AED 138 million in H1 2023. Total assets stand at AED 3.15 billion. Revenue from financing and investing increased by 10% to AED 66 million. Excluding a one-off gain, total revenue slightly rose to AED 144 million from AED 126 million in H1 2023. Operating costs increased by 4% to AED 48 million due to ongoing restructuring. The company repaid AED 46 million to financiers and has settled 84% of its Islamic deposit liabilities since 2014. Negotiations to exit the Common Terms Agreement are at an advanced stage. Amortization costs decreased to AED 16 million from AED 22 million. The devaluation of the Egyptian Pound impacted the group's financial position.

Amlak Finance PJSC and its subsidiaries have released a review report and condensed consolidated interim financial information for the six-month period ending on June 30, 2024. The report is unaudited.

On July 8, 2024, a letter was addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, informing him that the Board of Directors of Amlak Finance PJSC held a meeting on the same date. During the meeting, routine business matters were discussed. The letter was signed by Lama Takieddin, Head of Corporate Governance and Company Secretary, and a copy was sent to the Securities & Commodities Authority.

Date: 3 July 2024 Listed Company: Amlak Finance PJSC Date and Day of the Meeting: Monday, 8 July 2024 Meeting Starting Time: 2:00 PM Agenda of the Meeting: - Normal business activities and updates Name of the Authorized Signatory: Lama Takieddin Designation: Head of Corporate Governance & Company Secretary Signature: [Signature]

On 28 June 2024, Amlak Finance PJSC announced that it has sold a commercial real estate building for AED 80 million, in compliance with UAE Central Bank regulation No. 112-2018, which mandates finance companies to divest foreclosed units within three years of acquisition. The building had a carrying value of AED 70.2 million as of 31 March 2024. The sale resulted in a gross profit of AED 9.8 million and the full payment was received upon transfer. The financial impact of this transaction will be reflected in Q2 of 2024. The announcement was authorized by Lama Takieddin, Head of Corporate Governance and Company Secretary.

On 22 May 2024, Amlak Finance P.J.S.C held a meeting from 3:00PM to 5:00PM. All seven board members were present, achieving a 100% quorum. The board discussed normal business-related matters. The meeting was signed off by Lama Takieddin, the Head of Corporate Governance and Company Secretary.

Amlak Finance PJSC has scheduled a meeting for Wednesday, 22 May 2024, starting at 3:00 PM. The agenda for the meeting includes normal business activities and updates. The authorized signatory for the company is Lama Takieddin, who holds the position of Head of Corporate Governance & Company Secretary.

Amlak Finance reported an 89% increase in its net group profit after income tax for Q1 2024, compared to the same period in 2023. The company's total assets stand at AED 3.14 billion. Amlak is currently in advanced negotiations to exit its current Common Term Agreement. The company's revenue from financing and investing business increased by 14% to AED 33 million during Q1 2024, but total revenue decreased by 9% to AED 68 million. Amlak's operating costs were down by 23% to AED 23 million. The company also repaid AED 23 million to financiers during Q1 2024, and has settled 84% of its Islamic deposit liabilities since 2014. However, Amlak's financial position was impacted by the devaluation of the Egyptian Pound against AED.

The text is a review report and condensed consolidated interim financial information for Amlak Finance PJSC and its subsidiaries. The report covers the three-month period ending on 31 March 2024 and is unaudited.