Amlak Finance PJSC has announced a dividend distribution of AED 735 million, equivalent to AED 49 fils per share, following strong financial results for FY 2025. The company's net profit after income tax rose significantly to AED 1.47 billion from AED 12 million in 2024, largely due to the successful sale of the Ras Al Khor land bank, which generated AED 2.9 billion in proceeds. Total income for 2025 increased to AED 3.12 billion, and operating costs decreased by 9% to AED 92 million. Amlak's total assets stood at AED 3.42 billion at the end of FY2025. The company has fully settled its investment deposits and exited the Common Terms Agreement. Amlak plans to review additional strategic options to align with shareholder expectations and focus on the managed exit of its legacy business lines, including the transfer and sale of its Real Estate Finance portfolio. The company aims to surrender its Central Bank UAE license as part of this process. The Board of Directors and management are committed to ensuring sustainable long-term growth and value creation.

On April 22, 2026, Amlak Finance PJSC held a General Assembly meeting at Kempinski the Boulevard, chaired by Mr. Jamal Hamed Almarri. The meeting, which had a quorum of 54.8754% of the total attendance, resolved several key matters regarding the company's financial activities for the year ending December 31, 2025. The assembly approved the Board of Directors’ Report, the External Auditors’ Report, the Internal Sharia Supervisory Committee Report, and the company’s Balance Sheet and Profit and Loss Account. They also approved the distribution of AED 735 million in cash dividends to shareholders, representing 49% of the share capital. The remuneration for the Board of Directors was approved, and both the Board and the External Auditors were absolved from liability for 2025. M/s KPMG was appointed as the external auditor for 2026. Additionally, the assembly approved voluntary contributions for 2026 and amended Article 60 of the Articles of Association to allow for the distribution of interim dividends.

The Board of Directors of Amlak Finance PJSC passed resolutions by circulation concerning business matters on Monday, 20 April 2026, at 3:00 PM. This information was communicated to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market. The notification was sent by Lama Takieddin, Head of Corporate Governance and Board Secretary, with a copy to the Capital Market Authority.

On 17 April 2026, Amlak Finance PJSC announced that it has entered into a definitive agreement to sell its financing contracts to a UAE Central Bank-regulated entity for an initial purchase price of AED 74.88 million. This decision follows a special resolution passed on 30 June 2025. The sale's completion is contingent upon fulfilling certain conditions. The transaction is not expected to have a material impact on the company's profit and loss account or retained earnings, pending the final assessment of the actual purchase price. The financial impact will be reflected in the second quarter of 2026. The announcement was authorized by Lama Takieddin, Head of Governance and Board Secretary.

The Board of Directors of Amlak Finance PJSC is set to consider resolutions by circulation on Monday, April 20, 2026, at 3:00 PM regarding business matters. This information is addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, and is communicated by Lama Takieddin, the Head of Corporate Governance and Board Secretary. A copy of this notification has also been sent to the Capital Market Authority.

On 7 April 2026, a communication was sent to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, from Amlak Finance PJSC. The letter informs him that the Board of Directors of Amlak Finance PJSC passed a resolution by circulation on the same day at 9:00 AM. The resolution pertains to routine internal matters. The letter is signed by Lama Takieddin, Head of Corporate Governance and Board Secretary, and a copy was also sent to the Capital Market Authority.

The letter dated April 2, 2026, is addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market. It informs him that the Board of Directors of Amlak Finance PJSC will consider a resolution by circulation on Tuesday, April 7, 2026, at 9:00 AM regarding routine matters. The letter is signed by Lama Takieddin, Head of Corporate Governance and Board Secretary, and a copy is sent to the Capital Market Authority.

The company has issued an invitation to its General Assembly Meeting, highlighting two main agenda items for shareholders. First, there is a recommendation to distribute cash dividends totaling AED 735 million, made possible by the company's strong financial performance in 2025 and previous years. This performance allowed the company to offset accumulated losses, achieve retained earnings, and fulfill all contractual obligations to financiers, leading to the lifting of restrictions on dividend distributions. Second, there is a special resolution concerning the approval of the proposed Business Plan.

The text provides guidelines regarding the approval of proxies to attend a company's general assembly meeting, in accordance with specific clauses of a 2020 decision on corporate governance. It stipulates that shareholders have the right to attend and vote at these meetings, and they may delegate this right to someone outside the company's board or staff, provided the delegation is documented in writing. The delegate must not represent more than 5% of the company's issued capital. Legal representatives must represent individuals lacking legal capacity. The shareholder's signature on the proxy must be verified by a recognized entity such as a notary public, chamber of commerce, licensed bank, or financial market. Additionally, the proxy should include contact details of both the shareholder and the approving authority's representative.

On 18 March 2026, Amlak Finance P.J.S.C held a board meeting from 11:00 AM to 12:00 PM, with six board members present, achieving an 86% quorum. The board resolved to call the Annual General Meeting and publish the invitation after obtaining regulatory approvals. They recommended to the General Assembly the approval of a cash dividend distribution of AED 735 million, representing 49% of the company's capital for the financial year ending 31 December 2025. Additionally, the board decided to present the Business Plan to shareholders for approval and discussed normal business-related matters. The authorized signatory for the meeting was Lama Takieddin, Head of Corporate Governance and Company Secretary.

The text is a formal communication from Lama Takieddin, the Head of Corporate Governance and Board Secretary, addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market. It informs him that the Board of Directors meeting, initially scheduled for 3:00 PM on March 18, 2026, will now start at 11:00 AM. The communication ends with expressions of gratitude and respect, and a copy is sent to the Capital Market Authority.