Page 37 - Inegrated Annual Report 2020-Eng

Report on Other Legal and Regulatory Requirements

Further, as required by the UAE Federal Law No. (2) of 2015 except for any impact from the matter
described in the “ Basis for qualified opinion” section of audit report, we report that for the year ended
31 December 2020:
1. we have obtained all the information and explanations we considered necessary for the purposes
of our audit;
2. the consolidated financial statements have been prepared and comply, in all material respects, with
the applicable provisions of the UAE Federal Law No. (2) of 2015 and the Company’s Articles of
Association;
3. the Group has maintained proper books of account;

4. the financial information included in the Directors’ report is consistent with the books of account
and records of the Company;
5. investments in shares and stocks are included in note 8 and 9 to the consolidated financial
statements and include purchases and investments made by the Group during the year ended 31
December 2020;
6. note 26 reflects the disclosures relating to related party transactions and the terms under which
they were conducted; and
7. based on the information that has been made available to us, nothing has come to our attention
which causes us to believe that the Company has contravened during the financial year ended 31
December 2020, any of the applicable provisions of the UAE Federal Law No. (2) of 2015 or of its
Articles of Association which would materially affect its activities or its financial position as at 31
December 2020; and

8. note 22 reflects the social contributions recorded during the year.

Signed by

Raed Ahmad
Partner

Ernst & Young 3 March 2021
Registration No. 811 Abu Dhabi

2020 Integrated Annual Report 37