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ADNOC Gas has signed a 10-year Sales and Purchase Agreement (SPA) with GAIL India Limited, India's largest natural gas company, to supply up to 0.52 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) starting in 2026. This agreement marks ADNOC Gas' first LNG SPA with GAIL and strengthens its position as a reliable global LNG provider. The SPA converts a previous Heads of Agreement into a definitive agreement. ADNOC Gas plans to increase its LNG production capacity to over 15 mmtpa by 2028 following the expected acquisition of a 60% stake in Ruwais LNG. The LNG will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of 6.0 mmtpa and has been operational since 1977. Rashid Khalfan Al Mazrouei, ADNOC Gas Senior Vice President, stated that the agreement supports ADNOC Gas' growth ambitions and reinforces its role as a preferred energy partner in India. Global LNG demand is projected to rise by 15% over the next decade, driven by industrial coal-to-gas switching in China and increased LNG use for power generation in Southern and Southeast Asia.

United Fidelity Insurance Company, in compliance with Federal Law No. 6/2007, has an authorized paid-up capital of AED 160,000,000. As of Q3 2024, the company reported accumulated losses of AED 52,783,716, representing 32.9% of its paid-up capital. These losses are primarily due to increased insurance service expenses, particularly from higher claims in the commercial and consumer sectors, exacerbated by an unusual flooding event in April 2024. The company incurred a net loss of AED 16.9 million for the period ending September 30, 2024. Under the new CEO, Ahmed Nasef, who assumed his role on July 2, 2024, Fidelity United is implementing measures to regain profitability. These include strategic portfolio reshaping, improved risk pricing controls, and an external review of motor pricing. The company's leadership is committed to reducing losses below the 20% threshold by the end of 2025.

The document is the unaudited condensed interim consolidated financial information for Al Ain Ahlia Insurance Company P.S.C. for the nine-month period ending on September 30, 2024.