Financial statements

Consolidated statement
of changes in equity

For the year ended 31 December 2024	Note	Share capital AED	Shareholders’ contribution AED	Other reserve AED	Retained Earnings AED	Total Equity AED
Balance at 1 January 2023		–	167,559,022	75,000	1,392,473,762	1,560,107,784
Total comprehensive income for the year		–	–	–	586,407,899	586,407,899
Dividend paid	24	–	–	–	(1,632,095,378)	(1,632,095,378)
Balance at 31 December 2023		–	167,559,022	75,000	346,786,283	514,420,305
Issuance of share capital	10	70,000,000	–	–	(70,000,000)	–
Dividend paid	24	–	–	–	(203,588,000)	(203,588,000)
Total comprehensive income for the year		–	–	–	447,459,429	447,459,429
Balance at 31 December 2024		70,000,000	167,559,022	75,000	520,657,712	758,291,734

The attached notes 1 to 24 form part of these consolidated financial statements.