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The preliminary results for Watania International Holding (PJSC), formerly known as Dar Al Takaful (PJSC), have been released for the period ending on December 31, 2024. The company was established on July 23, 2008, with a paid-up, subscribed, and authorized capital of AED 260,156,250. The Chairman of the Board is Dr. Ali Saeed Sultan Bin Harmal Aldhaheri, and the Chief Executive Officer is Mr. Gautam Datta. The company's external auditor is Grant Thornton Audit and Accounting Limited, Dubai Branch. The mailing address is P.O. Box 48883, Dubai, UAE, with a contact telephone number of +971 4 813 4444 and an email address of nawal.maally@watania.ae.

The preliminary results for the year ended 31 December 2024 for Ithmaar Holding B.S.C. have been released. The company was established on 13 August 1984 and has a paid-up and subscribed capital of 3,030,755,027 shares at $0.25 per share, totaling $757,688,757 (AED 2,782,687,729). The authorized capital is 8,000,000,000 shares at $0.25 per share, amounting to $2,000,000,000 (AED 7,345,200,000). The Chairman of the Board is HRH Prince Amr Mohammed Al Faisal, and the Group Chief Executive Officer is Maysan Almaskati. The external auditor is KPMG Fakhro. The company's mailing address is Seef Tower, Building 2080, Road 2825, Al Seef District 428, P.O. Box 2820, Manama, Kingdom of Bahrain. They can be contacted via phone at +973 1758 4000, fax at +973 1758 4017, or email at info@ithmaarholding.com.

The document is prepared according to the SCA Board of Directors' Decision No. (32/R.M.) of 2019, which mandates disclosure for companies with accumulated losses amounting to 20% or more of their paid-up capital. Companies must comply with the decision's provisions if their accumulated losses reach 50% or more. As of February 13, 2025, Ithmaar Holding B.S.C. reported accumulated losses of USD 828.65 million, representing 109% of its paid-up capital. The losses initially amounted to 68.8% of the paid-up capital in December 2016 due to impairment provisions from non-core investments during financial crises. In 2018, early adoption of FAS30 led to further impairment provisions, raising losses to 98%. The losses increased by $87.5 million in 2020 due to COVID-19, decreased by $35.0 million in 2021 due to shareholder net income, increased by $29.9 million in 2022, and by $9.3 million in 2023 due to shareholder net losses. In 2024, losses decreased by $9.4 million due to shareholder net profit. The document provides a detailed analysis of accumulated losses, especially when they exceed 50% of the company's capital.

Ithmaar Holding B.S.C. announced that its Board of Directors held a meeting on Thursday, 13 February 2025, at 1 PM. During the meeting, the Board approved the financial results for the period ending 31 December 2024.

SHUAA Capital P.S.C. is a financial investment company based in Dubai, United Arab Emirates. It is licensed and regulated by the UAE Securities and Commodities Authority under registration number 703036 and holds a commercial license number 200219. The company was established on April 25, 1979, and has an authorized, subscribed, and paid-up capital of AED 2,535,720,000. The Chairman of the Board is Badr Al-Olama, and the Group Chief Executive Officer is Wafik Ben Mansour. Crowe Mak serves as the external auditor. The company's head office is located at The H Hotel Dubai, Office Tower, Level 15, Office No. 1502, with a mailing address of PO Box 31045, Dubai, UAE. Contact details include a telephone number of +971 4 330 3600, a fax number of +971 4 330 3550, and an email address of ir@shuaa.com.

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.