International Financial Advisors K.S.C.C.

International Financial Advisors Holding Company announced the successful completion of a divestment transaction involving its associate company, IFA Hotels & Resorts, which sold its stake in IFA Hotels & Resorts 1 (Cayman Islands), the owner of Fairmont The Palm, to a hospitality investment fund managed by Arzan Investment Management Company. The transaction was valued at 100 million Kuwaiti dinars. An Amended and Restated Share Purchase Agreement was executed, and procedural formalities for the transfer of shares will be completed in due course. As part of the transaction, the company will gain ownership of units in the investment fund and receive cash consideration. The financial impact on IFA Hotels & Resorts is estimated to be a profit of 8.70 million Kuwaiti dinars. International Financial Advisors Holding Company will realize a share of 43.22% of these profits, amounting to 3.76 million Kuwaiti dinars, which will be reflected in the financial results for the first quarter of 2025.

International Financial Advisors Holding (K.P.S.C), with a commercial registration number 77302 and a capital of KD 48,011,858.800, is located at Al Abdul Razzak Square, Souk Al-Kuwait Building, Floor 8, P.O. Box 4694 Safat, 13047 Kuwait. The company can be contacted via phone at +965 1 8444 32, fax at +965 22 459 631, email at info@ifakuwait.com, and website www.ifakuwait.com. The Chairman is Saleh Saleh Al-Selmi. On April 1, 2025, a letter was addressed to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, informing him that the board of directors of their subsidiary, First Takaful Insurance Company, met on March 27, 2025. They reviewed a letter from S&C Group Investment LLC, in which First Takaful holds a 17.65% stake valued at 2,961,049 Kuwaiti Dinars. The board discussed and approved a request to transfer ownership of S&C Group Investment LLC and its subsidiaries to a special-purpose vehicle, Strive Investments Limited. The transfer has no financial impact on First Takaful Insurance Company.

International Financial Advisors Holding (K.P.S.C), a financial consulting company registered under commercial registration number 77302 with a capital of KD 48,011,858.800, is located in Al Abdul Razzak Square, Souk Al-Kuwait Building, Floor 8, Safat, Kuwait. The company can be contacted via phone at +965 1 8444 32, fax at +965 22 459 631, email at info@ifakuwait.com, and their website www.ifakuwait.com. The Chairman of the company is Saleh Saleh Al-Selmi. In a communication addressed to Mr. Hamed Ahmed Ali, Chief Executive Officer of Dubai Financial Market, dated March 29, 2025, it was clarified that there was a mistake in the signing of the company's auditor's report. The report was mistakenly signed by Ms. Hend Abdullah Al-Suraye instead of Mr. Abdul Latif Mohammed Al-Aiban.