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Ithmaar Holding B.S.C. has announced that discussions and negotiations are ongoing with GFH Financial Group B.S.C. regarding GFH's potential acquisition of Ithmaar’s financing and investment portfolios. This acquisition is subject to regulatory approvals. Shareholders will be regularly updated on any further developments.

GFH Financial Group B.S.C. (GFH) and Ithmaar Holding B.S.C. (Ithmaar) announced on 19th September 2024 that they are still in the negotiation process for GFH to acquire Ithmaar’s financing and investment portfolios, subject to regulatory approvals. Shareholders will be informed of any further developments on a regular basis. The expected financial impact will be disclosed in due course. Previous relevant disclosures were made on 6th March, 7th April, 6th May, and 6th June 2024. The announcement was made by Mariam Jowhary, Head of Compliance & AML at GFH.

On 19 September 2024, a meeting of the Board of Directors of Commercial Bank of Dubai P.S.C. was held at 9:00 a.m. During the meeting, the minutes of the previous meeting held on 24 July 2024 were approved, normal business activities were discussed, and any other business matters were addressed. The information was communicated to Mr. Hamed Ahmad Ali, Chief Executive Officer of Dubai Financial Market, by Mr. Ahmed Ali Al Jaziri, Board Secretary. A copy of the communication was also sent to the Securities and Commodities Authority.