Amlak Finance Seeks Shareholders Nod To Transfer Legal And Special Reserve To Offset Losses

AMLAK FINANCE PJSC AMLAK:

• SEEKS SHAREHOLDERS APPROVAL TO TRANSFER LEGAL RESERVE AND SPECIAL RESERVE BALANCE TO OFFSET ACCUMULATED LOSSES PARTIALLY

• SEEKS SHAREHOLDERS APPROVAL OF STRATEGIC DECISION TO EXIT CO'S REAL ESTATE FINANCE PORTFOLIO

• TO EXIT COMPANY'S REAL ESTATE FINANCE PORTFOLIO THROUGH VARIOUS MEANS INCLUDING SALE OF FINANCING CONTRACTS TO OTHER FINANCIAL INSTITUTIONS AND EXITING FINANCING CONTRACTS THROUGH MUTUAL AGREEMENT WITH CUSTOMERS