Press releases, Reports & Disclosures for Amlak Finance P.J.S.C

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Dubai Financial Market News

Dubai Financial Market News

News Update From Amlak Finance P.J.S.C

Disclosure: Results of BOD Meeting

On July 8, 2024, a letter was addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, informing him that the Board of Directors of Amlak Finance PJSC held a meeting on the same date. During the meeting, routine business matters were discussed. The letter was signed by Lama Takieddin, Head of Corporate Governance and Company Secretary, and a copy was sent to the Securities & Commodities Authority.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Amlak Finance P.J.S.C

Disclosure: BOD meeting

Date: 3 July 2024 Listed Company: Amlak Finance PJSC Date and Day of the Meeting: Monday, 8 July 2024 Meeting Starting Time: 2:00 PM Agenda of the Meeting: - Normal business activities and updates Name of the Authorized Signatory: Lama Takieddin Designation: Head of Corporate Governance & Company Secretary Signature: [Signature]

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Amlak Finance P.J.S.C

Disclosure: Notification from the company

On 28 June 2024, Amlak Finance PJSC announced that it has sold a commercial real estate building for AED 80 million, in compliance with UAE Central Bank regulation No. 112-2018, which mandates finance companies to divest foreclosed units within three years of acquisition. The building had a carrying value of AED 70.2 million as of 31 March 2024. The sale resulted in a gross profit of AED 9.8 million and the full payment was received upon transfer. The financial impact of this transaction will be reflected in Q2 of 2024. The announcement was authorized by Lama Takieddin, Head of Corporate Governance and Company Secretary.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Amlak Finance P.J.S.C

Disclosure: Results of BOD Meeting

On 22 May 2024, Amlak Finance P.J.S.C held a meeting from 3:00PM to 5:00PM. All seven board members were present, achieving a 100% quorum. The board discussed normal business-related matters. The meeting was signed off by Lama Takieddin, the Head of Corporate Governance and Company Secretary.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Amlak Finance P.J.S.C

Disclosure: BOD meeting

Amlak Finance PJSC has scheduled a meeting for Wednesday, 22 May 2024, starting at 3:00 PM. The agenda for the meeting includes normal business activities and updates. The authorized signatory for the company is Lama Takieddin, who holds the position of Head of Corporate Governance & Company Secretary.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Amlak Finance P.J.S.C

Disclosure: Press release regarding financial results for the 1st QTR of 2024

Amlak Finance reported an 89% increase in its net group profit after income tax for Q1 2024, compared to the same period in 2023. The company's total assets stand at AED 3.14 billion. Amlak is currently in advanced negotiations to exit its current Common Term Agreement. The company's revenue from financing and investing business increased by 14% to AED 33 million during Q1 2024, but total revenue decreased by 9% to AED 68 million. Amlak's operating costs were down by 23% to AED 23 million. The company also repaid AED 23 million to financiers during Q1 2024, and has settled 84% of its Islamic deposit liabilities since 2014. However, Amlak's financial position was impacted by the devaluation of the Egyptian Pound against AED.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Amlak Finance P.J.S.C

Disclosure: Financial statements for the 1st QTR of 2024

The text is a review report and condensed consolidated interim financial information for Amlak Finance PJSC and its subsidiaries. The report covers the three-month period ending on 31 March 2024 and is unaudited.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Amlak Finance P.J.S.C

Disclosure: Results of Board Decisions by Passing

The letter is addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, from Lama Takieddin, the Head of Corporate Governance and Company Secretary of Amlak Finance PJSC. The letter dated May 8, 2024, informs that the Board of Directors of Amlak Finance PJSC has approved the company's financial statements for the period ending March 31, 2024. The Securities & Commodities Authority is also copied in this correspondence.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Amlak Finance P.J.S.C

Disclosure: Board Decisions by Passing

On May 3, 2024, a letter was sent to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, by Lama Takieddin, the Head of Corporate Governance and Company Secretary of Amlak Finance PJSC. The letter informs that the Board of Directors of Amlak Finance PJSC will consider a resolution by circulation on Wednesday, May 8, 2024, at 3 pm, regarding the adoption of the company's financial statements for the period ending on March 31, 2024. A copy of the letter was also sent to the Securities & Commodities Authority.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Amlak Finance P.J.S.C

Disclosure: Results of BOD Meeting

On April 25, 2024, Amlak Finance P.J.S.C held a meeting from 3:00PM to 3:30PM. All seven board members were present, achieving 100% quorum. The board decided to appoint Mr. Jamal Hamed Almarri as the Chairman of the Board of Directors and Mr. Shaker Fareed Zainal as Vice Chairman. The board also formed its committees. The authorized signatory of these decisions was Lama Takieddin, the Head of Corporate Governance and Company Secretary.

1. Attached Document

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