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AD Ports Group has signed agreements with two UAE banks to refinance its USD 2.25 billion syndicated loan, resulting in potential savings of up to AED 44 million (USD 12 million) in finance costs over the next 12 months. The new refinancing includes an AED 9.2 billion (USD 2.5 billion equivalent) medium-term facility with a 2.5-year maturity and an AED 1.0 billion (USD 273 million equivalent) short-term facility with a 1.5-year tenor. This move extends the Group's debt maturity to 2026 and beyond, providing greater financial flexibility and positioning the company to benefit from declining interest rates. The refinancing follows the US Federal Reserve's decision to start its interest rate easing cycle. AD Ports Group aims to use bonds as the primary long-term funding vehicle and is rated “A+” & “gcAAA” by S&P and “AA-” with a stable outlook by Fitch.

AD Ports Group has signed agreements with two UAE banks to refinance a USD 2.25 billion syndicated loan at more favorable terms, potentially saving up to AED 44 million (USD 12 million) in finance costs over the next 12 months. The new facilities include a medium-term facility of AED 9.2 billion (USD 2.5 billion) with a 2.5-year maturity and a short-term facility of AED 1.0 billion (USD 273 million) with a 1.5-year tenor. This refinancing aligns with the Group's strategy to utilize bonds for long-term funding and takes advantage of the US Federal Reserve's recent interest rate cuts. The new agreements extend debt maturity to 2026 and beyond, offering greater financial flexibility and lower financing costs. AD Ports Group holds strong credit ratings from S&P and Fitch.

Dana Gas PJSC will hold a board meeting on Wednesday, 25 September 2024, starting at 11:00 AM. The agenda includes discussions on the company's operations in Egypt, the United Arab Emirates, and the Kurdistan Region of Iraq, a report on financing options, the ratification of Q2 2024 financial statements, and other routine matters. The meeting details were authorized and signed by Omran Al Zamani, Board Secretary, on 20 September 2024.

The Dubai Financial Market (DFM) has issued the expiry settlement prices for DFM Equity Futures Contracts expiring in September 2024. The prices are listed for various contracts, each identified by a series code, contract ID (ISIN), and currency (AED). The settlement prices range from 0.192 AED for SHUAA (SHUAA U24) to 20.250 AED for Emirates NBD (ENBD U24). This announcement is available on the DFM website and includes a disclaimer that the information is subject to change and is not a substitute for the official DFM Regulated Derivative Contract Trading Regulation.

Ithmaar Holding B.S.C. has announced that discussions and negotiations are ongoing with GFH Financial Group B.S.C. regarding GFH's potential acquisition of Ithmaar’s financing and investment portfolios. This acquisition is subject to regulatory approvals. Shareholders will be regularly updated on any further developments.

GFH Financial Group B.S.C. (GFH) and Ithmaar Holding B.S.C. (Ithmaar) announced on 19th September 2024 that they are still in the negotiation process for GFH to acquire Ithmaar’s financing and investment portfolios, subject to regulatory approvals. Shareholders will be informed of any further developments on a regular basis. The expected financial impact will be disclosed in due course. Previous relevant disclosures were made on 6th March, 7th April, 6th May, and 6th June 2024. The announcement was made by Mariam Jowhary, Head of Compliance & AML at GFH.