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Sean Magee, Secretary of the Board of Directors, informs H.E. Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities & Commodities Authority in Abu Dhabi, and H.E. Hamid Ali, CEO of the Dubai Financial Market, about Tabreed's acquisition of PAL Cooling Holding LLC. The acquisition involves a newly formed joint venture between Tabreed and DIF Infra 7 Participations 8 B.V., each owning 50%. The enterprise value of the transaction is approximately AED 4.1 billion, with an equity value of AED 3.8 billion, pending regulatory approvals. PAL Cooling Holding LLC fully owns eight subsidiary companies operating five district cooling plants under long-term agreements, with additional plants under development in Abu Dhabi. Further details are provided in attached forms, and contact is encouraged for more information.

Tabreed and CVC DIF have partnered to acquire PAL Cooling Holding from Multiply Group for approximately AED 3.8 billion. The acquisition includes eight long-term concessions serviced by five district cooling plants in Abu Dhabi, with significant growth potential to reach an operational connected load of around 600,000 refrigeration tons. PAL Cooling, established in 2006, is a key player in the UAE district cooling market, with partnerships with major developers like Aldar Properties. The acquisition aligns with Tabreed's strategic goals to support Abu Dhabi's real estate projects and meet the increasing demand for sustainable cooling. CVC DIF highlighted PAL Cooling's long-term contracts in a rapidly growing urban environment. The deal is pending regulatory approvals.

Hany Mostafa Sabri Mohamed Sabri Mostafa, an independent and non-executive board member of Takaful Emarat Insurance PSC, has resigned from the company's Board of Directors due to personal reasons. The resignation was accepted and became effective on June 26, 2025. The document confirming the resignation was signed by Adnan Saba Elaish, the Acting Chief Executive Officer, on the same date.