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Takaful Emarat Insurance (P.S.C) is a public shareholding company based in Dubai, United Arab Emirates, and is subject to Federal Law No. (48) of 2023. It is registered under the insurance companies register No. 86 since October 14, 2008. The company can be contacted via phone at +971 4 230 9300 or fax at +971 4 230 9333. The Chief Executive Officer is H.E. Waleed Saeed Al Awadhi. A board meeting by circulation is scheduled for Friday, May 15, 2026, at 3:00 PM to review and approve the unaudited financial statements for the first quarter of 2026. The authorized signatory for the disclosure is Adnan Saba Al Aish, the Chief Executive Officer, with the signature dated May 13, 2026.

This document has been prepared according to the disclosure requirements of the SCA Board of Directors’ Decision No. (32/R.M.) of 2019, which mandates procedures for companies with shares listed on the market whose accumulated losses are 20% or more of their paid-up capital. Compliance with this decision is required when losses reach 50% or more. As of May 13, 2026, Ithmaar Holding B.S.C. reported accumulated losses of USD 826.44 million, equating to 109% of its paid-up capital. Initially, in December 2016, the losses were 68.8% of the paid-up capital, primarily due to impairment provisions from non-core investments during financial crises. The early adoption of FAS30 in 2018 further increased losses to 98%. In 2020, accumulated losses rose by $87.5 million due to COVID-19's economic impact. The following year, losses decreased by $35.0 million due to net income. In 2022, losses increased by $29.9 million, and in 2023 by $9.3 million, both due to net losses. In 2024, losses decreased by $9.4 million, in 2025 by $1.01 million, and in 2026 by $1.2 million, all due to net profits attributable to shareholders.

This document outlines the financial status of Ithmaar Holding B.S.C., a company with accumulated losses amounting to 109% of its paid-up capital as of Q1 2026. The accumulated losses, valued at USD 826.44 million, have exceeded the threshold set by the SCA Board of Directors’ Decision No. (32/R.M.) of 2019, which mandates compliance when losses reach 50% or more of paid-up capital. The losses began in December 2016, primarily due to impairment provisions from non-core investments linked to financial crises. In 2018, early adoption of FAS30 increased losses to 98%. The impact of COVID-19 in 2020 further raised losses by $87.5 million. Subsequent years saw fluctuations, with losses decreasing in 2021 by $35.0 million due to shareholder net income, but increasing again in 2022 and 2023 by $29.9 million and $9.3 million, respectively, due to shareholder net losses. In 2024, losses decreased by $9.4 million, and in 2025 and 2026, they decreased by $1.01 million and $1.2 million, respectively, mainly due to net profits attributable to shareholders.

Ithmaar Holding B.S.C. has released its condensed consolidated interim financial information for the period ending on March 31, 2026.

Ithmaar Holding B.S.C. has announced that its Board of Directors held a meeting on Wednesday, May 13, 2026, at 2 PM, during which they approved the financial results for the period ending March 31, 2026. This announcement was made to the Bahrain Bourse and the Dubai Financial Market. The authorized signatory is Husain Ahmed Haider.

Dubai Taxi Company (DTC) has announced a Sales and Purchase Agreement to acquire National Taxi, a prominent UAE taxi operator with over 2,500 licensed plates in Dubai and Abu Dhabi. This acquisition is subject to customary closing conditions and regulatory approvals. The deal is expected to increase DTC's market share in Dubai by approximately 12% and provide a significant entry into the Abu Dhabi market with a similar share. National Taxi reported net revenue of AED 774 million, EBITDA of AED 183 million, and a net profit of AED 101 million for the fiscal year ending July 31, 2025. The acquisition, valued at AED 1.45 billion, will be funded through new bank debt facilities without issuing new equity, ensuring no dilution for existing shareholders. The transaction is expected to be earnings accretive from the first full year and is anticipated to complete by Q3 2026, pending regulatory approvals from the Roads and Transport Authority in Dubai and the Integrated Transport Centre in Abu Dhabi.

Dubai Taxi Company PJSC is set to acquire 100% of the issued share capital of National Taxi LLC, a UAE taxi operator, which has over 2,500 licensed plates in Dubai, Abu Dhabi, and Al Ain. The transaction's enterprise value is approximately AED 1.45 billion, although the final acquisition value may change due to a lockbox mechanism. National Taxi is known for its strong financial performance, and this acquisition aligns with Dubai Taxi Company's growth strategy. It is expected to significantly increase their market share in Dubai and allow entry into the Abu Dhabi market. The acquisition is anticipated to be earnings and dividend accretive from the first full year, with additional benefits from identified synergies.

The Dubai Taxi Company PJSC will hold an analysts' call on Thursday, May 14, 2026, at 2:00 PM to discuss the acquisition deal of National Taxi LLC. The presentation for the meeting will be available on the company's website beforehand. The communication is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and includes a courtesy copy to the Securities and Commodities Authority. The message is signed by Nader Ibrahim Mugbil, Head of Investor Relations.

On May 13, 2026, the Board of Directors of Dubai Taxi Company P.J.S.C. approved the acquisition of National Taxi LLC. This decision was made by circulation and is subject to the terms and conditions outlined in the Sale and Purchase Agreement, including related financing arrangements. The acquisition is considered a significant strategic move to support the company's growth and expansion plans. Additional details about the transaction, including key terms, structure, and expected financial impact, are provided in the enclosed Material Disclosure Form. This disclosure complies with relevant regulatory requirements. The communication is signed by Vicken Khochafian, Group Board Secretary and Governance Director, with a copy sent to the Capital Market Authority.