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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.

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.