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The document presents the unaudited interim condensed consolidated financial statements of Emaar Properties PJSC and its subsidiaries for the period ending 31 March 2024.

Watania International Holding (WIH) reported a net profit of AED 5.9 million for Q1 2024, a significant improvement from a loss of AED 2.8 million in Q1 2023. The company attributes the profit to improved operational performance and cost control. The combined operating ratio also improved to 97%, compared to 110% in the same period in 2023, due to improvements in the Medical and Motor Takaful lines of business. The company's chairman mentioned the successful execution of the company's turnaround strategy since its 2022 merger and the potential for growth in the regional insurance and Takaful sector.

Al Salam Bank has completed the acquisition of Kuwait Finance House Bahrain (KFH Bahrain) from Kuwait Finance House Group (KFH Group). This marks Al Salam Bank's fifth M&A transaction, further establishing its position as the fastest growing bank in Bahrain. The consolidation will increase Al Salam Bank's balance sheet by 28%, accelerate market share acquisition, and enhance its offerings. Both parties will continue to work together to ensure a smooth integration and uninterrupted banking experience for customers. The transaction is seen as a significant milestone in achieving strategic objectives and maximizing shareholder value. Customers will continue to access all existing services provided by KFH Bahrain.