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The company will announce the results of its Board meeting from March 21, 2025, once it receives regulatory approval for its financial statements for the year ending December 31, 2024.

Amlak Finance announced its financial results for the year ending December 31, 2024. The company reported a net profit of AED 52 million, a decrease from AED 259 million in 2023. Total assets stood at AED 2.6 billion. Revenues from financing and investing activities increased by 10% to AED 135 million, while total revenue decreased by 23% to AED 347 million. Operating costs were reduced by 20% to AED 119 million. Amlak successfully reduced financiers' debt exposure by AED 757 million through debt settlement arrangements, resulting in a net gain of AED 45 million. An agreement was reached with six financiers on a repayment plan for an outstanding balance of AED 971 million. The company settled 91% of its Islamic deposit liabilities. In Egypt, the devaluation of the Egyptian Pound affected the financial position, while investments in Saudi Arabia generated an income of AED 9 million.

Amlak Finance PJSC and its subsidiaries have released their consolidated financial statements for the year ending December 31, 2024.

Al Ansari Digital Pay, the fintech division of Al Ansari Financial Services, has received final approvals from the Central Bank of the UAE for licenses necessary to launch its digital wallet. This development supports financial inclusion and the UAE's move towards a cashless society. The approvals include the Stored Value Facility (SVF) and Retail Payment Services and Card Schemes (RPSCS) licenses, allowing the company to offer digital accounts, prepaid cards, and payment services for businesses. The Al Ansari Wallet, a comprehensive mobile application, is set to launch in Q2 2025, providing financial services to both individuals and businesses, including those without traditional banking access. The initiative aims to enhance digital payment solutions in the UAE.

The text is about a special proxy form that needs to be emailed to rabah.hakem@erc.ae two days before a meeting. It requires proof of the signature of the shareholder or authorized person according to attached guidelines. The form allows the undersigned, identified by their investor number, to appoint someone to attend and vote on their behalf at the General Assembly Meeting of Emirates Reem Investments Company PJSC scheduled for April 24, 2025, at 3:30 PM, or any later date if the meeting is adjourned. The form includes fields for the appointee's details and requires a date, signature, and a stamp for corporate shareholders.