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Dubai Electricity and Water Authority PJSC (DEWA) reported record financial results for the first quarter of 2025, achieving a revenue of AED 5.96 billion and net cash from operations of AED 3.85 billion. This marks the highest first-quarter figures in the company's history for revenue, cash from operations, power generation, clean power generation, and desalinated water production. The revenue increased by 2.83% compared to the first quarter of 2024, while cash from operations rose by 17.86%. DEWA's EBITDA was AED 2.43 billion, with an operating profit of AED 838 million and a net profit of AED 496 million. The company ended the quarter with cash and cash equivalents of AED 8.17 billion, AED 2.07 billion more than at the end of 2024. DEWA's leadership attributes these results to their commitment to innovation and sustainability, guided by the vision of Dubai's leadership, and their ongoing efforts towards achieving Net Zero by 2050.

The document is the condensed consolidated interim financial information for Dubai Electricity and Water Authority PJSC and its subsidiaries for the three-month period ending on March 31, 2025. The financial information is unaudited.

The Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) has approved the company's audited financial statements for the first quarter of 2025. Additionally, the Board reviewed general business matters. This notification is addressed to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, and is signed by Aakash Nijhawan, Group Head of Investor Relations at DEWA.

Al Mal Capital PSC, acting as the Fund Manager of Al Mal Capital REIT, invites all unitholders to attend the General Assembly meeting of AMCREIT on May 12, 2025, at 1:00 PM. The meeting will be held at Al Mal Capital's head office in Dubai and can be attended in person or remotely. The agenda includes a special resolution to approve the Fund Manager’s recommendation to increase the Fund's issued share capital from AED 513,889,872 by up to AED 300,000,000. This will be achieved through the issuance of up to 300,000,000 new units at an issue price of AED 1.1 per new unit, inclusive of a premium. Subscribers will incur an issuance fee of 2.5 fils per unit. The announcement regarding the subscription details will be published at least twenty days before the subscription start date, pending approval from unitholders.