Page 38 - UP PR REPORT - JULY 2025

8/1/25, 9:33 AM A sales agreement worth 700 million dirhams was signed. Al-Ittihad Properties records a 44% growth in total profits during the first ha…
2.Intensive investment in digital transformation, with the aim of bridging old technological gaps and modernizing systems at the group level to
enhance their readiness for future growth.

As part of the company’s debt restructuring plan, Etihad Properties announced its intention to repay bank debts worth 150 million dirhams during
the second quarter of this year. Of these, 20 million dirhams were paid before the end of this quarter, with the remaining 130 million dirhams to be
completed during the third quarter, coinciding with the timing of cash collections scheduled after the end of the quarter.

One of the most notable strategic achievements during the second quarter was the signing of a conditional sales agreement worth AED 700 million
for a prominent real estate project in the Motor City area. This deal is expected to be included in the financial results for the fourth quarter of 2025,
which represents a pivotal step within the framework of the company’s strategy aimed at making the most of its land portfolio and enhancing the
strength of its balance sheet.

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تارﺎﻣﻹا ﺔﻟود ﻲﻓ ماﺪﺘﺴﻤﻟا ﻲﻧﺎﺴﻧﻹا ﻞﻤﻌﻟا ﻲﻓ ﺔﯿﻠﺒﻘﺘﺴﻣ تاردﺎﺒﻤﻟ سﺎﺳﻷا ﺮﺠﺣ ﻦّﺷﺪُﺗ ﺔﯿﺠﯿﺗاﺮﺘﺳا ﺔﯿﻗﺎﻔﺗا
Net profit during the second quarter of 2025 amounted to about 8.74 million UAE dirhams, recording a decrease compared to the same period last
year, and this decline is attributed to pumping investments into development and infrastructure modernization activities. It is noteworthy that
financial costs declined to reach 14.28 million dirhams in the first half of 2025, compared to 15 million dirhams during the same period in 2024.

The Real Estate Union continues its commitment to implementing development projects worth more than 5 billion dirhams, and achieving
sustainable value for its shareholders through optimal use of capital, diversifying sources of income, and enhancing operational efficiency.

Hamdan

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