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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.

The Board of Directors of Orient Takaful Company (PJSC) invites shareholders to attend the Annual General Meeting on April 28, 2025, at 11 am. The meeting will take place at the Al Futtaim Building in Dubai and will also be accessible remotely via MS Teams, allowing for online attendance and direct e-voting. The agenda includes reviewing and approving the Directors' and Auditors' reports for the financial year ending December 31, 2024, discussing the company's financial statements, and considering the recommendation not to distribute dividends for 2024. Other items include reviewing the Internal Sharia'ah Supervisory Committee's report, appointing its members for 2025, approving the Corporate Governance Report, discharging the Board and External Auditors from liability for 2024, appointing the Auditor for 2025, approving transactions with related parties, and nominating a new Board member, Mr. Fadi Sabah Ghaleb El Masri, subject to approval. Shareholders can attend in person or delegate representatives, with specific guidelines provided for proxies and corporate representation. Shareholders registered by April 25, 2025, are entitled to vote.