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The document is the condensed interim financial statements of Salik Company P.J.S.C. for the three-month and six-month periods ending on June 30, 2025. These statements are unaudited.

The Board of Directors of Al Firdous (P.J.S.C.) held a meeting on Wednesday, August 13, 2025, at 3:00 PM. During the meeting, the board conducted a periodic review of the tasks and functions performed by the Board of Directors and those delegated to Senior Executive Management. They also reviewed the obligations of executive and non-executive board members as per Article 11 of the Board of Directors of the Securities and Commodities Authority (SCA) No. 7/R for 2016. Additionally, the responsibilities of the Board Chairman were reviewed according to Article 42 of the same regulation. The board decided not to provide any remuneration to the members or the chairman for attending board or committee meetings, as these meetings occur on the same day.

The form outlines the compliance requirements for companies listed on the market with accumulated losses amounting to 20% or more of their paid-up capital, as per the SCA Board of Directors’ Decision No. (32/R.M.) of 2019. As of August 13, 2025, Amlak Finance PJSC reported accumulated losses of AED 213 million, representing 14% of its paid-up capital, primarily due to fair value loss of investment properties. These losses have decreased significantly from AED 2.3 billion in December 2020 to AED 258 million in December 2023. In 2024 and early 2025, Amlak reclassified foreign currency translation reserve losses from its Egyptian subsidiary to accumulated losses. The company is negotiating with financiers to exit the Common Terms Agreement to enhance operational flexibility and pursue growth opportunities. A repayment agreement has been reached, with plans to settle obligations by 2026 through asset sales. Shareholders approved the sale of certain investment properties and investments outside the UAE and the transfer of the legal reserve balance in General Assembly meetings held in March, April, and June 2025.

The Board of Directors of Amlak Finance PJSC is scheduled to make decisions by circulation on Monday, 18 August 2025, at 9 am. These decisions pertain to regular and internal matters. This notification was sent to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, by Lama Takieddin, Head of Corporate Governance and Board Secretary. A copy of the notification was also sent to the Securities & Commodities Authority.