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Union Properties has announced a reduction in its legacy debt from AED 1.47 billion in FY2022 to AED 575 million by the end of December 2024, with plans to further decrease it by AED 150 million by the end of Q1 2025. The company has also secured new bank loans of AED 150 million to support upcoming investments expected to generate an annual income of AED 40 million. Through its debt restructuring strategy, Union Properties has lowered financing costs significantly, improving profitability and liquidity. The company has generated AED 1.3 billion by selling plots as part of its asset divestment strategy to settle debts and fund new projects. Additionally, Union Properties plans to retain 10 million sq. ft. of Gross Floor Area for future development, demonstrating its commitment to sustainable growth in the UAE's real estate sector.

Mashreq Bank P.S.C. invites its shareholders to attend the annual General Assembly meeting on February 27, 2025, at 10:00 am UAE time. The meeting can be attended in person at the Bank's headquarters in Dubai or virtually via a link sent to shareholders. The agenda includes authorizing the Chairman to appoint a Secretary and Vote Collector, reviewing and approving various reports and financial statements for the year ended December 31, 2024, approving a cash dividend distribution, and appointing auditors for 2025. Special resolutions involve updating and issuing non-convertible securities and authorizing the Board to take actions related to these matters. Shareholders must register electronically to vote and can delegate proxies under specific conditions. The meeting requires a quorum of at least 50% of the Bank's share capital, with a second meeting scheduled if the quorum is not met. Shareholders on record by specific dates are entitled to vote and receive dividends. The meeting will be recorded, and relevant documents are available on the Dubai Financial Market website.

Sukoon Insurance PJSC, headquartered in Dubai, UAE, with a paid-up capital of AED 461,872,125, is regulated by the Central Bank of the UAE. The company plans to pass a Board of Directors resolution by circulation on February 6, 2025, at 10:00 am. The agenda includes recommending to the General Assembly of shareholders the distribution of cash dividends for the fiscal year 2024 and the appointment of external auditors with proposed remuneration for the fiscal year 2025. The notification is addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and a copy is sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.

Date: 4 February 2025 Ref: LM_LTR_003_2025 Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, is informed that the Board of Directors of Dubai Refreshment P.J.S.C will meet on Tuesday, February 11, 2025, at 11:00 AM. The meeting will be held at the company premises in Dubai Investment Park 2, Dubai, and via online video technology. The agenda includes reviewing and approving the audited financial statements for 2024, approving the invitation and agenda for the 2025 Annual General Assembly pending SCA approval, and discussing various internal matters to make appropriate decisions. Sincerely, Dubai Refreshment P.J.S.C Karem Mahmoud Director of Legal

Air Arabia has announced that a board of directors meeting will be held on Friday, February 14, 2025, at 1:30 PM. The meeting will focus on discussing the financial statements for the year 2024.

Sukoon Insurance has introduced an AI-powered face scanning feature to expedite the life insurance application process. This new technology, integrated with Sukoon's videoconferencing system, analyzes a brief video of an applicant's face to assess health metrics such as heart rate, blood pressure, and respiration rate, eliminating the need for traditional medical exams. Developed in partnership with One Call, a technology solutions provider for the insurance sector, this feature aims to enhance customer convenience and efficiency. Emmanuel Deschamps, Executive Vice President at Sukoon, highlighted that this AI integration is part of Sukoon's digital strategy to improve user experience, which also includes a mobile app and digital claims services.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, announced that a court ruling was made in its favor regarding a lawsuit filed by a former executive board member. The lawsuit, dated August 30, 2024, involved a claim for approximately 22 million AED in labor entitlements. The company expressed its appreciation for the trust and support of its shareholders and emphasized its commitment to exploring all legal options to protect the rights and interests of the company and its shareholders. The announcement was addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market.