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SHUAA Capital has released its preliminary financial results for 2024, showing progress in addressing legacy asset impairments and repositioning for growth. The company reported AED 85 million in commitments for a Mandatory Convertible Bond issuance, part of its capital optimization strategy, expected to conclude by March 2025. Key financials for 2024 include adjusted operating revenues of AED 89 million, driven by asset management fees, and an adjusted net operating loss of AED 11 million due to a temporary revenue reduction during business transformation. The net loss attributable to shareholders was AED 289 million, primarily due to non-cash impairments. Despite challenges, SHUAA Capital's CEO highlighted the year's achievements and positive investor response.

Shuaa Capital PSC, a licensed and regulated financial investment company, held a board meeting on February 13, 2025. During the meeting, the board reviewed the company's financial performance for the previous period and made the following decisions: they approved the preliminary, unaudited, and unreviewed consolidated financial statements for the fiscal year ending December 31, 2024, and addressed other routine matters related to the company's operations.

Tabreed, a leading district cooling company in the UAE, announced its financial results for 2024, showing increased revenue and profits. Revenue reached AED 2.434 billion, with a net profit before tax of AED 624 million, a 4% rise from 2023. EBITDA grew by 5% to AED 1.252 billion, and net profit after tax increased by 32% to AED 570 million. The growth was driven by a 5% increase in consumption volumes and an expansion in connected capacity, including new plants in the UAE and Oman. Tabreed generated strong cash flows, using surplus to optimize its balance sheet and reduce debt by repurchasing USD 207 million of its sukuk. This debt management saved 15% in net financial costs, improving the net debt to EBITDA ratio to 3.7x. The Board of Directors recommended a dividend of 15.5 fils per share, highlighting a consistent annual growth rate of 8% in dividends over five years. New connections of 23,576 Refrigeration Tons were added across the UAE, Saudi Arabia, Oman, Egypt, and India.

The document is the consolidated financial statements for the National Central Cooling Company PJSC and its subsidiaries, covering the financial period ending on December 31, 2024.

On 13 February 2025, the Board of Directors of National Central Cooling Company PJSC, also known as Tabreed, held a meeting at 11:00 am. During the meeting, the Board approved the audited financial statements for the period ending 31 December 2024. They also agreed to release these financial statements and an accompanying press release to the Securities and Commodities Authority and the Dubai Financial Market, in accordance with the amended Article 36/11 of the Disclosure and Transparency Regulations from the year 2000.

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.

The preliminary results for Emirates Reem Investments Company PJSC for the year ending December 31, 2024, are outlined. The company was established on January 1, 1980, with a paid-up, subscribed, and authorized capital of AED 319,871,064. The Chairman of the Board is H.E. Mohamed Haji Alkhoori, and the General Manager is Mrs. Eman Waqas Pervaiz. Deloitte & Touche (M.E.) serves as the external auditor. The company's mailing address is P.O. Box 5567, Al Quoz, Dubai, UAE, with contact details including a telephone number of +971 04 3335566, a fax number of +971 04 3335558, and an email address of Jyotica.Kapoor@erc.ae.

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.