Amlak Finance Moves Forward with Strategic Land Sale

Amlak Finance P.J.S.C, a leading financial institution in the UAE, has announced a significant decision to proceed with the sale of its Ras Al Khor lands, following a resolution passed by its General Assembly on March 24, 2025. This strategic move is part of the company's broader efforts to streamline its assets and manage its financial health effectively.

During a board meeting held on May 29, 2025, which saw full attendance by all seven board members, the decision to execute the sale was ratified. The board was authorized to complete and conclude the transaction, details of which have been disclosed in the disposal disclosure form.

This decision comes at a crucial time for Amlak Finance as it seeks to address its accumulated losses. As part of this financial restructuring, the company is also planning to transfer the balance of its Legal and Special Reserves as of December 31, 2024, to partially offset these losses. This proposal will be considered at the upcoming General Meeting scheduled for June 30, 2025, pending approval from the Securities and Commodities Authority.

The sale of the Ras Al Khor lands is a strategic move that reflects Amlak Finance's commitment to optimizing its asset portfolio. By divesting non-core assets, the company aims to strengthen its balance sheet and improve its financial position. This move is expected to provide the company with greater flexibility to invest in more lucrative opportunities and enhance its operational efficiency.

Investors and stakeholders will be closely monitoring the outcomes of the upcoming General Meeting, as the decisions made will have significant implications for the company's future trajectory. The successful execution of the land sale and the proposed financial restructuring measures will be pivotal in determining Amlak Finance's ability to navigate the current economic landscape and achieve sustainable growth.

Given the current developments, potential investors might consider holding their positions in Amlak Finance. The company's proactive approach to addressing its financial challenges and its strategic asset management initiatives indicate a commitment to long-term stability and growth.