AMANAT HOLDINGS PJSC

On 17 October 2025, Amanat Holdings PJSC issued a Board of Directors Resolution by circulation, approving the renewal of a related party transaction with Al Ramz Capital. This renewal, which maintains the same terms as those disclosed on 17 July 2024, involves the provision of liquidity provider services and is valid until 18 October 2026, with an option for automatic renewal. The resolution also covers other ordinary business matters. The notification was addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, with a copy sent to the Securities and Commodities Authority.

On 14 October 2025, a notification was sent to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, by Amanat Holdings PJSC. The letter informed him that the company's Board of Directors would consider a resolution by circulation on 17 October 2025. This resolution pertains to the renewal of a related party transaction with the existing liquidity services provider, maintaining the same terms as previously disclosed on 17 July 2024. The board will also address administrative and other business matters. The communication was signed by Tessa Lee and a copy was sent to the Securities and Commodities Authority.

Amanat Holdings announced that its subsidiary, Almasar Alshamil Education, has received approval from the Saudi Capital Market Authority for an initial public offering (IPO) on the Saudi Exchange. The IPO will involve 30% of Almasar Education's share capital, amounting to 30,720,400 shares. Almasar Education is a leading provider of specialist education in the GCC, focusing on Special Education Needs and higher education, and serves over 23,000 students. The company reported a 23% year-on-year revenue growth for the first half of 2025 and plans to expand its services in special education and higher education sectors. Further details will be available in the offering prospectus. The announcement specifies that the information is not for distribution in certain jurisdictions, including the United States and Canada, and does not constitute a sales offer.

Amanat Holdings PJSC has completed the sale of its education real estate asset for AED 453 million, generating a net cash return of AED 294 million. The asset, which includes the real estate of North London Collegiate School, was originally acquired in June 2018 for AED 360 million, with an additional AED 33 million invested in capital expansion. This sale reflects Amanat's strategy of investing in high-potential assets, growing them, and monetizing them at the right time to benefit shareholders and reinvest in attractive opportunities. The transaction delivered a cash-on-cash multiple of 1.7x and an internal rate of return of 10%. Amanat's Chairman, Dr. Shamsheer Vayalil, emphasized the company's focus on unlocking value and generating superior returns for shareholders. CEO John Ireland highlighted the sale as evidence of Amanat's successful investment model and its positive impact on the company's balance sheet and strategic flexibility.

Amanat Holdings PJSC has released its unaudited interim condensed consolidated financial statements for the period ending on March 31, 2025.

Amanat Holdings PJSC invites its shareholders to attend the Annual General Assembly Meeting (AGM) on April 16, 2025, at 2:00 pm in Dubai, with options for in-person or electronic participation. The agenda includes approving the Board's report, the external auditor's report, the balance sheet, and profit and loss account for the fiscal year ending December 31, 2024. Shareholders will also consider a proposal to distribute AED 40 million in dividends for the second half of 2024, bringing the total dividends for the year to AED 115 million. Other items include approving Board remuneration, discharging Board members and auditors from liability, appointing the external auditor for 2025, and authorizing Board members to undertake competing business activities. Shareholders can register and vote electronically, with specific dates for voting rights and dividend eligibility outlined. The AGM requires a quorum of at least 50% of the Company's share capital, with provisions for a second meeting if necessary. Shareholders are encouraged to update their contact details and can access various reports and guides online.

Amanat Holdings PJSC has released its consolidated financial statements for the period ending on December 31, 2024. For more information, visit their website at www.amanat.com.

Al Masar Education Company does not include the real estate assets of North London Collegiate School Dubai (NLCS) in its financial results. These assets are, however, included in the financial results of Amanat's Education business.