AMANAT HOLDINGS PJSC

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.

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

Amanat Holdings has confirmed plans to proceed with an Initial Public Offering (IPO) of its Education Platform, as approved by its Board of Directors. The company has engaged IPO advisors, including SNB Capital. The IPO is contingent upon receiving regulatory approvals and favorable market conditions. Further details, such as the offering percentage and the final advisor consortium, will be shared once confirmed. The anticipated timeline for the IPO is within the next twelve months, subject to the necessary approvals and conditions. Amanat Holdings will continue to provide updates as the process develops.

According to Clauses 1 & 2 of Article 40 of the Corporate Governance Manual, shareholders are informed of the following: 1. Shareholders eligible to attend the general assembly may delegate someone other than company Board members, staff, or securities brokerage firm employees to attend and vote on their behalf with a written authorization. The agent cannot collectively own more than 5% of the company’s issued capital. Persons lacking legal capacity must be represented by their legal representatives. 2. The shareholder's signature on the power of attorney must be approved by one of the following: Notary Public, Commercial Chamber of Economic Department, Financial Markets licensed in the country, or any other licensed entity. The company must verify this. 3. The proxy form must include the shareholder’s and the brokerage firm representative’s contact details. This form is a guiding document, and the shareholder’s signature must be validated by one of the aforementioned parties. For further inquiries, contact +971 4 330 9999 or email investor.relations@amanat.com.