Amlak Finance PJSC and its subsidiaries have released an unaudited review report and condensed consolidated interim financial information for the six-month period ending on June 30, 2025.

The letter, dated August 7, 2025, is addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market. It clarifies a discrepancy in reported figures regarding the sale of plots in Ras Al Khor. News articles cited by Knight Frank mentioned a sale value exceeding AED 3 billion, but Amlak disclosed the agreed and executed sale price as AED 2.9 billion. The higher figure in the articles includes estimated registration fees, which were paid by the buyer directly to the Dubai Land Department. The letter is signed by Lama Takieddin, Head of Corporate Governance and Board Secretary, and is copied to the Securities & Commodities Authority.

Amlak Finance PJSC has agreed to sell 18,702,000 shares in Amlak International Finance Company, a joint-stock company in Saudi Arabia. The initial acquisition cost of these shares was AED 163.07 million, representing 10.87% of Amlak Finance's share capital. The sale is valued at SAR 201.677 million (approximately AED 197.28 million). This transaction is part of Amlak Finance's strategy to divest from non-core businesses and reallocate capital, with no expected negative impact on its operations or shareholder rights. Shareholders approved the sale during a General Assembly on April 21, 2025. The buyers include Murbiha Company, Abdulmajed Abdulaziz Almeshaal, and others, while Amlak Finance PJSC is the seller. The transaction is not a related party transaction. The agreement was signed on June 12 and July 31, 2025, with execution dates on June 12, June 15, and July 31, 2025. The deal is considered executed.

On 30 July 2025, Amlak Finance PJSC's Board of Directors made decisions by circulation regarding routine internal matters. This information was communicated to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, by Lama Takieddin, Head of Corporate Governance and Company Secretary. The Securities & Commodities Authority was also copied on this correspondence.

The letter, dated 25 July 2025, is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, from Lama Takieddin, Head of Corporate Governance and Board Secretary at Amlak Finance PJSC. It notifies Mr. Ali that the Board of Directors of Amlak Finance PJSC will be considering resolutions by circulation on Wednesday, 30 July 2025, at 3 PM. These resolutions pertain to regular and internal matters of the company. The Securities & Commodities Authority is also copied on this notification.

Amlak Finance PJSC announced the early and complete settlement of its outstanding financial obligations by paying AED 898 million to the remaining six financiers, ahead of the contractual schedule set for October 2026. This settlement marks the full resolution of AED 10.2 billion with 29 financiers since the 2014 restructuring under the Common Terms Agreement. The Board of Directors and leadership team played a crucial role in overcoming the challenges related to these financial obligations. Strategic actions, including the sale of land assets, facilitated this early settlement. CEO Arif Albastaki highlighted that this achievement reflects Amlak's commitment to financial stability and positions the company to focus on growth opportunities and transformation. Amlak aims to maintain a focus on innovation, efficiency, and sustainable growth, creating long-term value for shareholders.

On June 30, 2025, Amlak Finance PJSC held a General Assembly meeting chaired by Mr. Jamal Hamed Almarri at Kempinski the Boulevard, with a quorum of 61.63% of the total attendance. The meeting resolved two key decisions: First, to approve the transfer of AED 307,392,000 from the legal reserve and AED 99,265,000 from the special reserve as of December 31, 2024, to partially offset accumulated losses, pending approval from relevant authorities. Second, to approve the strategic decision to exit the company's real estate finance portfolio through various means, including the sale of financing contracts to other financial institutions and mutual agreements with customers. The Board of Directors or authorized persons are empowered to approve these transactions and offer necessary discounts and waivers. The meeting concluded with the authorized signatory, Lama Takieddin, Head of Governance and Company Secretary, confirming the results.

The letter, dated 24 June 2025, is addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market. It references an upcoming General Meeting scheduled for 30 June 2025. Due to an official holiday on 27 June 2025, it is noted that shareholders registered by 26 June 2025 will have the right to vote at the meeting. The letter is signed by Lama Takieddin, Head of Corporate Governance and Board Secretary, with a copy sent to the Securities & Commodities Authority.

The letter, dated June 9, 2025, from Lama Takieddin, Head of Corporate Governance and Board Secretary, addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, discusses the recent increase in the company's share price. The increase is attributed to a disclosure on the Dubai Financial Market website about the company's Board of Directors meeting on May 29, 2025. During this meeting, the Board decided to proceed with the sale of the Ras Al Khor plots to Emaar Development PJSC for AED 2.9 billion. The company assures that no undisclosed material information exists and reiterates its commitment to transparency and compliance with disclosure and governance standards. A copy of the letter was also sent to the Securities & Commodities Authority.

The Board of Directors of Amlak Finance PJSC invites its shareholders to attend a General Meeting on June 30, 2025, at 3:00 PM, either remotely or in person at Kempinski the Boulevard, Downtown Dubai. The meeting will discuss two special resolutions: 1. Approval to transfer the legal and special reserve balances, totaling AED 307,392,000 and AED 99,265,000 respectively as of December 31, 2024, to partially offset accumulated losses, pending regulatory approval. 2. Approval of a strategic decision to exit the company's real estate finance portfolio through various means, including selling financing contracts to other institutions and exiting contracts through mutual agreements with customers. The Board, or an authorized person, is empowered to approve such transactions and offer necessary discounts and waivers. Shareholders can register to attend electronically from June 27, 2025, at 10 AM until June 30, 2025, at 10 AM via www.smartagm.ae. Shareholders may delegate someone to attend on their behalf, excluding Directors, through a written proxy. A proxy cannot represent more than 5% of the company's share capital. Minors or legally incapacitated shareholders must be represented by their legal representatives. The proxy signature must be approved by a recognized entity.

On May 29, 2025, Amlak Finance P.J.S.C held a board meeting attended by all seven members, achieving full quorum. The board decided to proceed with the sale of Ras Al Khor lands, following the General Assembly's approval on March 24, 2025. Details of the transaction are included in the disposal disclosure form. Additionally, the board called for a General Meeting on June 30, 2025, pending approval from the Securities and Commodities Authority, to discuss transferring the balance of Legal and Special Reserves as of December 31, 2024, to partially offset accumulated losses.

A meeting for Amlak Finance PJSC is scheduled for Thursday, 29 May 2025, at 3:30 PM. The agenda includes discussing the execution of the sale of the company's plots in Ras Al Khor, convening a General Meeting to address transferring the balance of the Legal and Special Reserves as of December 31, 2024, to partially offset accumulated losses, approving the company's exit from the real estate finance portfolio through various means, and discussing normal business activities and updates. The authorized signatory for this meeting is Lama Takieddin, Head of Corporate Governance and Company Secretary.