Deyaar Development PJSC

Chairman’s Message

Mr. Abdullah Al Hamli Chairman

Introduction

1. Procedures taken to complete the corporate governance system during 2022 and its method of implementation

2. Ownership and transactions of Board of Directors, their spouses and children in the Company’s securities during 2022

3. Board of Directors’ Formation

A. Statement of the current Board formation:

Appointed in 2022

B. Statement of the percentage of female representation in the Board for 2022 :

C. Statement of Board members’ remunerations and allowances to attend the meetings of the Committees:

4. Details and reasons of additional allowances, salaries or fees paid to the Board members for 2022 other than the attendance allowance:

2022 D. Board of Directors meetings for the fiscal year

E. Number of Board's decisions issued by circulation 2022 : during the fiscal year

F. Duties and responsibilities assigned by the Board to the Executive Management:

The Board also approved to do the necessary changes to the POA given to the General Counsel in the Board Meeting held on 10 May 2022 and summarized as follows:

These powers have been extended during the Board meeting held on 10 May 2022.

G. Statement of the details of transactions made with related parties (stakeholders) during 2022

Balances and transactions with related parties

a) Related party transactions

c) Due from related parties comprises:

Impairment provision

3 . Due to related parties comprises:

4. External Auditor

5. Audit Committee:

B. Names of members of the Audit Committee:

The roles and duties assigned thereto:

6. Nomination and Remuneration Committee

The roles and duties assigned thereto:

7. Insiders’ Trading Committee

B. Names of the members of Insiders’ Trading Committee

The roles and duties assigned thereto:

8. Executive Committee

The roles and tasks assigned thereto:

9. Risk Committee

B. Names of members of the Risk Committee

The roles and tasks assigned thereto:

10. Internal Control System

A. Acknowledgment by the Board of its responsibility for the Company’s internal control system

Internal Audit

Follow up on implementation of internal audit recommendations:

Risk Management

Compliance

C. Name and qualifications of the Compliance Officer

11. Details of violations committed during 2022, its reasons, how to be addressed and how to avoid their recurrence in the future

12. Cash and in-kind contributions made by the Company during 2022 for local community development and environmental conservation

13. General Information

F. Statement of the procedures taken in respect of the Investor Relations

Name of Investors Relations Officer and a communication data with the Officer:

Electronic link of the Investors Relations Page on the Company website:

G. Statement of special resolutions presented in the General Assembly held in 2022 and procedures taken with respect thereto:

H. Name and date of appointment of Board Secretary

I. Statement of significant events and important disclosures

occurred during 2022

J. Statement of transactions made with related parties during 2022 that are equal to or more than 5% of the Company’s capital:

L. Innovative projects and initiatives carried out by the Company or are under development during 2022

K. Statement of Emiratisation percentage in the Company at the end of years 2020, 2021 and 2022

Vision

Mission

Core Values

GROUP STRUCTURE

Deyaar's Milestones 2022

February

July

April

October

May

June

November

December

Company Business Profile

Property Development

Property Management

Facilities Management

Community Management

Hospitality

Nationwide Utility Management

Midtown

Noor and Mesk in Midtown

Regalia

New Projects

Tria

Amalia Residences

Joint ventures & associates Arady - Central Park

Al Zorah

Sustainable and Eco-Friendly Communities

Integrated Management that Meets Customers’ Requirements

High Quality Services

Proactive Health and Safety

Management

Full Compliance with International Standards and Specifications

Awards and Recognition

Sustainability is the Key to the Future

Commitment to the Sustainable Development Goals (SDGs) according to the UN Agenda ( 2030 )

3. Good health and well-being

4. Good education

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20 22

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Chairman’s Message Introduction Chapter One: Governance Report Chapter Two: Business Review • Vision, Mission, and Core Values • The Group's Organisational Structure • Deyaar's Milestones2022 • Company Business Profle Chapter Three: Projects • Midtown • Noor and Mesk in Midtown • Regalia • Joint ventures & associates Chapter Four: Sustainability Chapter Five: Financial Statements	Chairman’s Message Introduction Chapter One: Governance Report Chapter Two: Business Review • Vision, Mission, and Core Values • The Group's Organisational Structure • Deyaar's Milestones2022 • Company Business Profle Chapter Three: Projects • Midtown • Noor and Mesk in Midtown • Regalia • Joint ventures & associates Chapter Four: Sustainability Chapter Five: Financial Statements								3 5 6 31 32 33 34 35 37 38 39 39 40 41 61









	Mesk in Midtown

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DISCLAIMER: The English version is a translation of the original in Arabic. In case of a discrepancy, the Arabic original will prevail.

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I am pleased to present to you our Annual Report for the year 2022, which highlights Deyaar performance throughout the year, the progress of its current projects and future plans.

I am glad to assure to the shareholders that 2022 was an exceptional year for Deyaar, as we achieved significant achievements in terms of operations as well as our financial position.

The Company recorded a remarkable increase in revenues and net profit, as the Company recorded revenues of AED 803.4 million in 2022, an increase of 62% compared to last year, while the net profit witnessed an increase of 184% compared to last year to reach AED 144.2 million. Furthermore, the total assets of the company increased to reach AED 6.2 billion.

In 2022, The Company successfully written off all accumulated losses through capital reduction using the legal reserve and cancelation of shares equal to the remaining amount, as the Company's capital was reduced from AED 5.78 billion to AED 4.38 billion, a reduction of AED 1.4 billion. This action was carried out without affecting

Company's liquidity, which will improve Company's attractiveness to investors and the possibility of obtaining financing for future projects. The reduction was activated on the Dubai Financial Market in June, 2022.

Moreover, the Company was able to reach an amicable cash settlement with Limitless for an amount of AED 500 million in cash to be received in two installments, where the first payment of AED 200 million was received in cash immediately after signing the agreement, provided that the second payment amount of AED 300 million shall be paid within a period not exceeding 18 months from the date on which the agreement between the two companies is signed. This agreement came after long negotiations in which the Board of Directors was keen to reach to an agreement that achieves the best value and contributes to enhancing Company's financial position.

Through this settlement, Deyaar has been able to close a chapter of an issue that has been going on for many years, and it seeks to utilize the resulting liquidity to finance its expansion plans through launching new projects and continuing its strategy of diversifying the Company's

3 DEYAAR - Integrated Report - 2022

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sources revenue stream, noting that the settlement will result in approximately AED 88 million in net profit upon receipt of the full amount.

The year 2022 has also witnessed the launch of distinctive projects for Deyaar, including Tria Project, which is the first luxury project for Deyaar in Dubai Silicon Oasis, consisting of 32 floors with a total value of AED 650 million, with the latest smart home technology.

The Company has also announced investments of AED 300 million in Al Furjan area through three projects, ranging from residential to hotel apartments, comprising around 400 units. The first projects "Amalia Residences" was already launched in the Al Furjan , while the rest of the projects will be announced during (2023).

The construction in the existing projects witnessed remarkable progress, as the Company completed the construction of "Mesk" District in its integrated residential project "Midtown" and started to handover the units to customers, while the construction work in "Noor" District exceeded (80%). With the completion of "Noor" and "Mesk" Districts, the number of buildings in the "Midtown" will reach 24 residential buildings comprising around 2000 units. Work is also underway as planned on the luxury Regalia Project in Business Bay, which was successfully soled

out in record time with total sales of AED 1 billion. The construction of the project exceeded 20%.

The Hospitality Portfolio continued to grow, achieving 39.3% increase in revenue, in addition to the revenues increase in our leasing Portfolio by 21.9%.

Deyaar continues to enhance its services within Property Management, Community Management and Facilities Management by investing in modern technologies and digital transformation to provide our services to the customers around the clock.

The company also focuses on the development of its digital infrastructure as part of a digital transformation strategic plan to increase the efficiency of the resources, enhance operations and achieve better and faster services at a low cost, while adopting sustainable solutions to reduce energy consumption and improve the efficiency.

In 2023, the Company intends to continue to launch new quality projects and seeks to strengthen its portfolio of income-generating assets, with the aim of improve profits and shareholders’ equity.

The Company would not have achieved these accomplishments without the support of the shareholders, to whom we extend our appreciation for their continued support.

4 DEYAAR - Integrated Report - 2022

The year of 2022 is an exceptional year for Deyaar and this what will be revealed in the Integrated Report, which highlights the developments and achievements made by the company at all levels. The report highlights Company's financial results, overview on property development, and property management, facilities managment and community management, in addition to the corporate governance report. The integrated report will also include Deyaar sustainability report that highlights social responsibility, in addition to environmental initiatives, economic indicators and internal operations.

The Company concludes the report with Consolidated Financial Statements for the fiscal year ended in December 31, 2022, that includes the Report of the Members of the Board of Directors, the Independent Auditor's Report, the Consolidated Financial Position Statement, the Consolidated other Comprehensive Income Statement, the Consolidated Statement of Changes in Equity, the Consolidated Profit or Loss Statement, the Consolidated Cash Flow Statement and Clarifications on the Consolidated Financial Statements.

5 DEYAAR - Integrated Report - 2022

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Governance Report

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In accordance with the resolution of Securities & Commodities Authority (“Authority”) Chairman No. (3/R.M) of 2020 concerning adopting the Corporate Governance Guide for Public Joint Stock Companies and pursuant to the provision of Article No. (77) of this Resolution, Deyaar Development PJSC (“the Company”) is submitting this Governance report for the fiscal year ended on 31 December 2022, through which it affirms its commitment to developing its supervisory and control system, and upgrading it to match the best international standards and practices, in order to

develop and regulate the securities sector in the United Arab Emirates, taking into account the requirements related to environmental considerations and social responsibility. This report was prepared in accordance with 2022 governance report template approved by the Authority which was issued on 13 January 2023. This report will be available to all shareholders prior to holding the General Assembly with sufficient time via the internet through the website of the Authority, Dubai Financial Market and the Company’s website (www.deyaar.com)

7 DEYAAR - Integrated Report - 2022

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The Board of Directors (“the Board”) believes in the importance of applying the highest standards of governance to enhance the Company’s performance, protect shareholders’ rights and achieve sustainable growth in financial markets, as the Board and the Executive Management established an internal control system which is deemed as a conclusive element of the Company’s governance structure. The Governance framework in the Company acts in accordance with the principles and standards identified and applied by each of the Authority, Dubai Financial Market and the provisions set forth within the Federal Law No. (2) of 2015 and its amendments as per Federal Law no. (26) of 2020 on Commercial Companies regarding the determination of governance requirements.

In 2022, the Management has effectively applied governance rules in a transparent manner based on the responsibility of the Board towards the shareholders to protect and promote their rights through the following:

Development of the governance manual in line with the legislations and resolutions of the Authority;
The Board held four meetings during the year and notified Dubai Financial Market with dates and results of these meetings as per procedures applicable in Dubai Financial Market. Additionally, four meetings of the Audit Committee, four meetings of the Nomination & Remuneration Committee, four meetings of the Executive Committee and two meetings of the Risk Committee were held;
The commitment of the independent Directors to disclose any change affecting their independence and to ensure it on an
ongoing basis by the Nomination and Remuneration Committee.
Confirmation of the Committees’ composition; practicing all powers and responsibilities needed to perform their work as well as any other additional duties assigned by the Board to these Committees. The Board monitors and receives reports from these Committees in line with the rules and regulations of the Authority;
Establishment of the Internal Audit Department reporting to the Board through the Audit Committee. The Internal Audit Department submits reports to the Audit Committee and practice all powers and authorities assigned thereto pursuant to the internal control system and powers approved by the Board;
Confirmation of the authorities vested to the Management, any other additional tasks assigned by the Board and identifying duration necessary to practice these authorities;
Disclosure of the quarterly and annual financial statements reviewed by the External Auditors and approved by the Board and submitting thereof to the Dubai Financial Market and the Authority;
The Board through the Risk Committee developed a framework and strategy to manage the risks and measured the acceptable levels of risks available to the Executive Management to be followed and complied with;
Activating the participation of a female candidate in the Company's Board of Directors;
Review of the internal control system; update and approve some of the Company’s policies and procedures such as procedures which govern Board members and employees’ trading activities, whistle-blowing policy, policy on annual remuneration and code of conduct.

8 DEYAAR - Integrated Report - 2022

The Board Members conform to the policy defined in the Company’s governance manual concerning trading of securities issued by the Company. Further, the Board Members adhered to the period of trading prohibition

stated in the system of trading, setoff, settlement, transfer and holding of securities issued by the Authority. They also disclose their own and their first-degree relatives’ trading on an annual basis using the form prepared for this purpose.

No.	Name	Position / Kinship	Owned shares as on 31/12/2022	Total sale	Total purchase

1	Mr. Abdullah Al Hamli	Chairman	-	-	-
2	H.E. Hamad Buamim	Vice-Chairman	1,514,654	-	-
3	Mr. Rashid Hasan Al Dabboos	Board member	22,105	-	-
4	Mr. Mohamed Al Sharif	Board member	-	-	-
5	Mr. Mohammed Al Nahdi	Board member	-	-	-



6	Dr. Adnan Chilwan	Board member	-	-	-
7	Mr. Obaid Nasser Lootah	Board member	234,432	-	-
8	Mr. Yasser Bin Zayed	Board member	-	-	-

9	Ms. Maryam Mohammed Bin Fares	Board member	-	-	-

According to the statement of the Board Members and as per the response from Dubai Financial Market sent to the Company on 23 January 2023 under Ref. No.2023/00131, stating that “There are no transactions by the Board Members of the Company securities (selling or purchasing) during 2022 as well as for the quantity of shares owned.”

9 DEYAAR - Integrated Report - 2022

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The Board devotes all efforts and utilizes its expertise to improve the Company’s performance as per the shareholders objectives. Such objectives are converted into actions and decisions which are closely monitored by the Board along with the Executive Management in a manner that ensures sustainability, value realization and profitability to all stakeholders.

The Board has set a specific governance framework to ensure the effectiveness of the Board members in fulfilling their duties toward the main objectives and facilitate their positive contribution. The Board has delegated some tasks and responsibilities to the Committees where each committee submits reports and recommendations to the Board in a responsible and transparent manner.

According to Federal Law No. (2) of 2015 on the Commercial Companies and Article No. (15) of the Company’s Articles of Association, the Board was elected by the General Assembly for a subsequent term of three years on 27 April 2022.

The Board consists of nine Non-Executive Board members. The Board members are classified as Non-Executive (NonIndependent) or Non-Executive (Independent) according to the definition of each category by the Authority. Noting that the Chairman of the Board and the majority of the Directors are citizens of United Arab Emirates. Experiences, qualifications, memberships and positions of the Board members in other joint stock companies and/or governmental companies are listed below:

10 DEYAAR - Integrated Report - 2022

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Mr. Abdullah Al Hamli Chairman

Non-executive / Non-Independent

Banking, real estate, finance, investments and information technology

Bachelor of Science with majors in Economics and Mathematics from Al Ain University, United Arab Emirates

Appointed since 2008 (14 years)

Chief Advisor to the Board of Directors of Dubai Islamic Bank PJSC

Chairman of Emirates REIT and Chairman of Al Tanmyah Services LLC.

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Mr. Rashid Al Dabboos Board Member

Non-executive / Independent

Investments, Real Estate and brokerage

Diploma in Commerce and Economics from Dubai Higher College of Technology

Appointed in 2022

Chief Executive Officer of Al Sharif & Al Daboos Trading Co. LLC and Deira Capital LLC; Member of the Executive Committee of the Company.

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H.E. Hamad Buamim Vice Chairman

Non-executive / Non-Independent

Finance, banking and investments

Bachelor of Electrical Engineering from University of Southern California; Master of Science in Finance and Banking from University of Missouri, Kansas City United States of America

Chairman of National General Insurance (NGI) PJSC; Board Member of Dubai Islamic Bank PJSC

Chairman of Dubai Multi Commodities Centre Authority (DMCC); Board Member of Economic Zones World (EZW); Board Member and Group Managing Director of Dubai World (DW); Board Member and Partner of Advanced Media Trading LLC (AMT); Board Member of UAE Banks Federation (UBF); Chairman of the Executive Committee of the Company..

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Mr. Mohamed Al Sharif Board Member

Non-executive / Non-Independent

Real estate, trading, banking, accounting and finance

Master of Science in Accounting from Catholic University of America; accredited CPA from Virginia State of Council of Accountants

Appointed since 2009 (13 years)

Chief of International Business & Real Estate Investments at Dubai Islamic Bank PJSC

Vice Chairman in Tamweel and Member of the Audit Committee and Risk Committee of the Company.

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Experience

Qualifications

Period served as a Board member from the date of first election

Their membership and positions in any other joint-stock companies

Their positions in any other important regulatory, government or commercial companies

11 DEYAAR - Integrated Report - 2022

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Mr. Mohammed Al Nahdi Board Member

Non-executive / Non-Independent

Real estate, banking, information technology and finance

Bachelor of Science in Accounting Management from Mustansiriyah University in Baghdad

Appointed since 2009 (13 years)

Board Member in Tanmyah LLC; Member of the NRC, Audit and Risk Committee of the Company.

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Dr. Adnan Chilwan Board Member

Non-executive / Non-Independent

Banking, marketing, real estate, financing and investments

Doctorate and master’s in marketing and Bachelor in Islamic Banking and Insurance at American University of London; and Certified Islamic Banker (CeIB)

Appointed since 2009 (13 years)

Group Chief Executive Officer of Dubai Islamic Bank PJSC

Member of the Board of Tamweel; Associate Fellow Member in Islamic Finance Professionals Board; and Member of the Executive Committee of the Company.

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Mr. Obaid Nasser Lootah Board Member

Non-executive / Non-Independent

Real estate and banking

Bachelor of Business Administration from the University of United Arab Emirates

Appointed since 2010 (12 years)

Board Member at Arady Development LLC; and Member of the NRC and Executive Committee of the Company

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Mr. Yasser Bin Zayed Board Member

Non-executive / Independent

Real estate, financing and operations

Bachelor of Business Administration from California State University, United States of America

Appointed since 2016 (6 years)

General Manager at Dubai Office; Board member in Falcon Holding Ltd.; Chairman of the NRC and Member of the Audit Committee and Risk Committee of the Company.

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Ms. Maryam Bin Fares Board Member

Non-executive / Independent

Banking and Corporate Treasury Management

Master’s Degree in International Business at Wollongong University Dubai, United Arab Emirates

Appointed in 2019 (3 years)

Senior Manager Treasury Dealing at Etihad Airways; and Chairman of the Audit Committee and Risk Committee and Member of the NRC of the Company.

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Experience Qualifications

Period served as a Board member from the date of first election

Their membership and positions in any other joint-stock companies

Their positions in any other important regulatory, government or commercial companies

12 DEYAAR - Integrated Report - 2022

In line with the vision of the United Arab Emirates to make women an essential partner in leading the process of sustainable development, and with the aim of taking into account gender diversity, the Company has allocated a space for the female candidate in its Board of Directors. One female Board Member has been elected on 27 April 2022 for the next term.

Total remunerations paid to the Board members for 2021: 6.56% of the net profit for the financial year ended in 2021 was given as a remuneration to the Board members (after deducting depreciations and reserve), which represents the amount of AED 3 million after obtaining approval of the

General Assembly which was held on 27 Apr 2022

Total remunerations of the Board members proposed for 2022 to be presented in the annual General Assembly meeting for approval:

It is proposed to pay AED 3.55 million from the net profit of the financial year ended on 31 December 2022 (After deducting depreciation and reserves) as a remuneration to the Board members, after obtaining the approval of the General Assembly.

(We will make the necessary update if the proposed remuneration is changed in the upcoming General Assembly meeting).

Allowance paid to the Board members for attending meetings of the Board Committees for 2022:

The Board received allowance for attending the meetings of the Board Committees as follows:

Allowances paid to a Board Member other than the allowances paid for attending the committees

No.		Name	Committee Name	Allowance per meeting	No. of attended meetings	Total allowance of 2022

1	H.E. Hamad Buamim		Executive Committee	5,000	3	15,000

2	Dr. Adnan	Chilwan	Executive Committee	5,000	3	15,000
			Audit Committee	5,000	4
3	Mr. Mohamed Al Sharif		Risk Committee	5,000	2	30,000
			Nomination and Remuneration Committee	5,000	4

4	Mr. Mohammed Al Nahdi		Audit Committee	5,000	2	40,000

			Risk Committee	5,000	2
5	Mr. Obaid Nasser Lootah		Nomination and Remuneration Committee	5,000	1	25,000
			Executive Committee	5,000	4
			Nomination and Remuneration Committee	5,000	1
6	Mr. Yasser Falasi	Bin Zayed Al	Audit Committee	5,000	3	30,000

			Risk Committee	5,000	2
			Nomination and Remuneration Committee	5,000	1

7	Ms. Maryam Bin Fares		Audit Committee	5,000	4	35,000

			Risk Committee	5,000	2

8	Mr. Rashid Al Dabboos		Executive Committee	5,000	3	15,000

9	Mr. Abdullah Lootah*		Nomination and Remuneration Committee	5,000	3	15,000

10	H.E. Khalifa Al Zaffn*		Nomination and Remuneration Committee	5,000	3	15,000

Board member till 27 April 2022

13 DEYAAR - Integrated Report - 2022

Allowances paid to a Board Member other than the allowances paid for attending the committees


No.			Name		Reason	Total allowance of 2022

					For attending the meetings of the Board
					of Directors of a joint venture and an
1	Mr.	Obaid	Nasser	Lootah	associate company (Arady / Alzorah) in	20,000

					his capacity as a member of the board

					of directors

The Board held four (4) meetings during 2022, as follows:

			Meeting	Dates
No.	Name
		24 Feb 2022	10 May 2022	19	Oct 2022	27 Dec 2022
1	Mr. Abdullah Al Hamli	√	√		√	X
2	H.E. Hamad Buamim*	N/A	√		√	T
3	Mr. Rashid Hasan Al Dabboos*	N/A	√		√	T
4	Mr. Mohamed Al Sharif	√	√		√	T
5	Mr. Mohammed Al Nahdi	X	√		√	T
6	Dr. Adnan Chilwan	X	√		√	T
7	Mr. Obaid Nasser Lootah	√	T		√	T
8	Mr. Yasser Bin Zayed Al Falasi	√	√		√	T
9	Ms. Maryam Bin Fares	√	T		√	T
10	Mr. Abdullah Lootah**	√	N/A		N/A	N/A
11	H.E. Khalifa Al Zaffn**	√	N/A		N/A	N/A

√ Attended the meeting X Absent T Attended through modern technology

Newly elected on 27 April 2022 ** Board member till 27 April 2022

14 DEYAAR - Integrated Report - 2022

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Three decisions were issued by circulation on 1 June, 18 July and 20 September 2022 and they were documented in subsequent Board meetings.

The Board authorized the CEO, Mr. Saeed Al Qatami to carry out the daily tasks of the Company’s business as per the authority delegation matrix approved by the Board on 29 July 2018 and the amendments therein dated 29 December 2019. The Board also granted the CEO a set of authorities determined under a valid and indefinite - term power of attorney issued on 10 September 2015. The Board approved the extension of these authorities delegated to the CEO during the meeting held on 10 May 2022, summarized as follows:

Executing all tasks and necessary matters to manage and operate the Company to achieve its objectives and conduct its business on all financial and administrative aspects, representing the Company in its dealings with third parties and signing all contracts of all types.
Filing and registering lawsuits, claims and demands and defending Company’s interests as a plaintiff or defendant, claimant or respondent in legal proceedings, lawsuits or complaints before any court, committee, arbitration/ judicial/ administrative court and appointing & authorizing attorneys and legal consultants.
Signing cheques and commercial documents under the terms and conditions and powers determined by the Board represented by the Chairman of the Board. In addition, signing all kinds of contracts and assigning of its ownership before government authorities provided that these actions are within the limits of the plans and strategies approved by the Board represented by the Chairman of the Board.
Forming and registering branches, representative offices, subsidiary companies, joint ventures, associates, or strategic alliances with other parties in the United Arab Emirates as approved by the Board.

The Board approved additional authorisation to the CEO in the resolution passed by circulation dated 20 September 2022 as follows:

To open and close bank account/s, deposit, endorse or withdraw funds to or from any of the Company’s bank accounts or safe deposit box.
To execute, sign and deliver to banks on behalf of the Company and its subsidiaries any forms, mandates to add signatories to operate the accounts, agreements, deeds and any account opening and servicing documentation and do all acts, things and matters whatsoever necessary for the opening, maintenance and operation of the account/s and to avail all cash management, credit cards or any electronic / online banking services with roles.

Representing the Company in all legal affairs before all
official authorities and courts.
Amending the Memorandum of Association of Company's subsidiaries according to the new commercial law.
Representing the Company and its subsidiaries before the Notary Public, Department of Economic Development, free zone authorities and all the competent authorities in making all necessary amendments to the Companies’ Articles of Association.

The Group enters into transactions with companies and entities that fall within the definition of a related party as contained in IAS 24 Related Party Disclosures.

Related parties comprise entities under common ownership and/or common management and control and key management personnel.

15 DEYAAR - Integrated Report - 2022

Apart from those mentioned in the Clause No. (11) of the notes included in the financial statements of the Company for the year 2022, there are no transactions with related parties (stakeholders) or any other parties during 2022. The transaction details are as follow:

During the year, the Group entered into the following significant transactions with related parties in the normal course of business and at prices and terms agreed by the Group’s management.


		2022	2021
		AED’ 000	AED’000
	Ultimate majority shareholder
Other	operating income/fnance income	3,691	770
	Finance cost	25,288	10,258
	Borrowings drawdown	219,793	626,407
	Borrowings repayments	216,129	121,064
	Joint venture
	Other operating income	1,125	725
	Dividend income	19,095	10,223
	Associate
	Dividend income	2,000	-

b) Remuneration of key management personnel

b) Remuneration of key management personnel

	2022	2021
	AED’ 000	AED’000
Salaries and other short term employee benefts	13,980	13,281
Termination and post-employment benefts	508	451
Board of Directors’ sitting fees	165	165
Board of Directors’ remuneration	3,150	2,850
	17,803	16,747

16 DEYAAR - Integrated Report - 2022

c) Due from related parties comprises:

	2022	2021
	AED’ 000	AED’000
Current
Due from a joint venture	1,084	2,350
Due from other related parties	245,426	445,426
	246,510	447,776
Less: provision for impairment	(33,613)	(33,622)
	212,897	414,154

Cash and bank balances include amounts held with the ultimate majority shareholder of the Group (One of the banks), bank account balances of AED 166.6 million (2021: AED 113 million) and fixed deposits of AED 354 million (2021: AED 168 million), at market prevailing profit rates.

applied certain key assumptions and judgments in accordance with IFRS 9 - Financial Instruments in order to determine the expected credit loss which includes the use of various forward-looking information that could impact the timing and/or amount of recoveries.

To determine the provision for impairment, management


	2022	2021
	AED’ 000	AED’000
Current
Due to a signifcant shareholder	271	322
Due to other related parties	110	435
	381	757

As of 31 December 2022, the Group had bank loans from the ultimate majority shareholder of AED 798.8 million (2021: AED 795.2 million) at market prevailing profit rates.

17 DEYAAR - Integrated Report - 2022

H. Organizational structure of the Company

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Shareholders
Board of Directors
Risk Committee
Nomination and Remuneration
Committee
Risk Management
Executive Committee
Audit Committee
Chief Executive Officer
Compliance Internal Audit
Insider Trading Committee
IT Steering Committee
Executive Management
Departments / Business Units
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18 DEYAAR - Integrated Report - 2022

I. Statement of Senior Executives staff, their positions and date of appointment, total salaries and bonuses paid thereto as on 31 December 2022 :


No	Position	Appointment date	Total salaries and allowances paid for 2022 (AED)	Total Bonuses paid for 2022 (AED)*	Any other cash/ in-kind bonuses for 2022 or due in the future
1	Chief Executive Offcer	1 Jun 2007	2,516,115	-	NA


2	Chief Operating and Transformation Offcer	2 Aug 2015	1,674,281	-	NA
3	Vice President-Operations	1 May 2004	1,059,705	-	NA
4	Vice President-Sales	8 Jan 2006	1,202,632	-	NA
5	Vice President-Human Resources	30 May 2022	499,603	-	NA

6	Vice President-Marketing and Corporate Communications	1 Aug 2008	751,123	-	NA
7	Vice President-Legal (General Counsel)	7 Feb 2017	1,159,347	-	NA
8	Senior Vice President-Projects & Commercial	26 Apr 2022	871,507	-	NA

9	Vice President-Asset Management & Hospitality	24 Nov 2016	944,465	-	NA
10	Vice President-Property & Community Management	6 Dec 2022	68,384	-	NA

There are no bonuses paid for the year 2022 as of report date. If any bonuses have been paid, we will make the necessary update.

19 DEYAAR - Integrated Report - 2022

A. Deloitte & Touche M.E. (Deloitte) was reappointed as external auditor for the year 2022 at the General Assembly meeting on 27 April 2022 and with the approval of majority shareholders. Deloitte is one of the four world’s largest

accounting and auditing companies. The company provides auditing, taxation and consulting services in various sectors. B. Statement of the fees and costs of the audit or the services provided by the External Auditor:

Name of Audit Office Deloitte & Touche (Middle East) Name of Partner Auditor Daneya Suriya Number of years served as the Company’s external auditor Four years Number of years the Partner Auditor spent auditing the Company’s One year accounts Total audit fees for 2022 (in AED) AED 451,000 Fees and costs of special services other than auditing the financial statements for 2022 (in AED), if any, and in case of absence of any other AED 49,000 fees, this shall be expressly stated Details and nature of other services (if any). If there are no other External auditor’s opinion on Company’s method services, this shall be expressly stated. for capital reduction as per ESCA requirement. Cost of variation in audit services provided by external auditor for year AED 58,800 2021 which was conducted in 2022

Details and nature of variation in audit services provided by external auditor for year 2021 which was conducted in 2022

Additional time spent on review of fair valuation model of investment properties/ property, plant and equipment.
Obtain assurance on the significant increase in profit share of the Company from Al Zorah.

The table below shows a statement of other services provided by an external auditor other than the Company's auditor in 2022:

			Auditor		Partner Auditor		Type of services		Amount (AED)
KPMG	Lower	Gulf	Limited		Maryam Zaman		Consulting services		67,000

C. There are no reservations made by the External Auditor of the Company in the interim and annual financial statements for the year 2022.

20 DEYAAR - Integrated Report - 2022

The Company’s Audit Committee reviews financial and accounting policies and procedures, monitors the independence of the External Auditor, reviews financial control systems, internal control and risk management, and performs a wide range of tasks related to following up on the work of the External Auditor. A. Ms. Maryam Bin Fares, Audit Committee Chairman,

acknowledges her responsibility for the committee charter in the Company, to review its work mechanism and ensure its effectiveness.

No.	Name	Title

1	Ms. Maryam Bin Fares	Chairman
2	Mr. Mohammed Al Sharif	Member

3	Mr. Yasser Bin Zayed Al Falasi	Member
4	Mr. Mohammed Al Nahdi	Member

Reviewing the Company’s financial policies and accounting procedures;
Developing and implementing the policy of contracting with the External Auditor and submitting reports to the Board specifying the important issues that require actions with recommendation on the steps to be taken;
Monitoring the independence and objectivity of the External Auditor, discussing the nature and scope of the audit process and its effectiveness according to the approved audit standards, ensuring the External Auditor’s fulfillment of the terms and conditions stipulated in the applicable laws, regulations and resolutions and the Company's Articles of Association;
Monitoring the integrity of the Company’s financial statements and its (annual and quarterly) reports and reviewing them as part of its duty during the year and after closing of the books after each quarter. It shall particularly focus on the following: Any changes in accounting policies and practices; highlighting the areas subject to Management’s discretion; material modifications resulting from the audit; assumption of continuity of the Company; compliance with the accounting standards established by the Authority; compliance with the rules of listing, disclosure and other legal requirements regarding the preparation of the financial reports;
Coordinating with the Board, the Executive Management, Chief Financial Officer (CFO) or whoever carry out the same responsibilities in the Company to perform its duties;
Meeting with the External Auditors of the Company at least once a year without the presence of the Senior Executive Management or any of its representative and discussing the nature and scope of auditing and its effectiveness in accordance with the approved auditing standards;
Examining any significant and unusual terms that are stated or must be stated in those reports and accounts and shall give due consideration to any matters issued by the CFO or whoever carries out the same responsibilities,

the Compliance Officer or the External Auditors;

Providing recommendation to the Board regarding the selection, resignation or dismissal of the External Auditor;
Reviewing the Company's financial control, internal control and risk management systems;
Discussing the internal control system with the Board and ensuring the latter’s establishment of an effective internal control system;
Examining the results of primary investigations in internal control matters as assigned to the Committee by the Board or initiated by the Committee with Board approval on such initiative;
Reviewing the auditor's assessment of the internal control procedures and ensuring the coordination between the Company’s internal and external auditors;
Ensuring availability of resources required for the Internal Audit Department and monitoring the effectiveness of such department;
Discussing all matters that are relevant to the External Auditor duties, work plan and correspondence with the Company, observations, reservations and any essential questions raised by the External Auditor to the Executive Management regarding the accounting records, financial accounts or control systems and following up on their response and monitor the responsiveness of the Management and necessary facilities provided to the External Auditors to carry out their work;
Ensuring timely response of the Board to inquiries and substantial matters mentioned in the letter of the External Auditor;
Developing the rules that enable employees of the Company to confidentially report any potential violations of financial reports, internal control or any other issues, and procedures necessary for conducting independent & fair investigations concerning such violations and monitoring the extent to which the Company complies with the code of conduct;
Reviewing the related parties’ transactions of the

21 DEYAAR - Integrated Report - 2022

Company and ensuring that no conflict of interest exists and submitting recommendations concerning such transactions to the Board before concluding contracts;

Ensuring implementation of the work rules of its duties and authorities entrusted by the Board;
Submitting reports and recommendations to the Board for above mentioned issues, and considering any other issues determined by the Board.
C. Statement of number and dates of the Audit Committee meetings held during 2022 to discuss issues related to the financial statements and any other matters, indicating the number of times of personal attendance of all members of the Committee

The Committee held four (4) meetings during the fiscal year as follows:


					Meeting	Dates
			9 Feb 2022		25 Apr 2022		26 Jul 2022		17 Oct 2022
No.	Name	Attendance		Purpose	Attendance Purpose	Attendance		Purpose	Attendance	Purpose
1 2 3	Ms. Maryam Bin Fares Mr. Mohamed Al Sharif Mr. Yasser Bin Zayed Al Falasi	√ √ √		Discussion of fnancial statements and matters of Internal	√ Discussion of fnancial statements and matters of Internal √ X	√ √ T		Discussion of fnancial statements and matters of Internal	√ √ √	Discussion of fnancial statements and matters of Internal
4	Mr. Mohammed Al Nahdi*	N/A		Control	Control √	√		Control	√	Control

√ Attended the meeting X Absent T Attended through modern technology * Newly elected on 10 May 2022

The Nomination and Remuneration Committee continuously ensures the independence of the independent members, prepares the policy for granting remunerations, benefits and incentives, determines the Company’s needs for competencies at the level of senior executive management and employees, as well as determines the basis for their selection and prepares the policy for human resources and training in the Company.

A. Mr. Yasser Bin Zayed Al Falasi, Nomination and Remuneration Committee Chairman, acknowledges the responsibility for the committee charter in the Company to review its work mechanism and ensure its effectiveness.
B. Names of members of the Nomination and Remuneration Committee:

No.	Name	Title
1	Mr. Yasser Bin Zayed Al Falasi	Chairman
2	Ms. Maryam Bin Fares	Member
3	Mr. Obaid Lootah	Member
4	Mr. Mohammed Al Nahdi	Member

Constantly verifying independence of the independent Board members;
Developing a policy on which basis of bonuses, benefits, incentives and salaries shall be granted to the Company’s Board members & staff and ascertaining that the remuneration and benefits granted to Executive Management are reasonable and in line with the Company’s performance;
Determining Company’s requirements of competencies

of the Executive Management and employees’ level and selection criteria of these requirements;

Preparing human resources and training policy, monitoring its implementation and reviewing thereof on annual basis;
Organizing and following up the Board nomination procedures according to the applicable laws, regulations and its provisions;
Reviewing annually the appropriate skills required for Board membership a nd preparing of capabilities

22 DEYAAR - Integrated Report - 2022

and qualifications for Board membership including the time a member shall need to allocate to fulfill their duties;

Reviewing the Board’s structure and submitting recommendations related to the changes that may be made;
Developing a board membership policy with the aim of gender diversification within the formation and encouraging women nominees through offering of

incentive and training benefits and programs;

Consider any other matters determined by the Board.
C. Statement of number and dates of Nomination and Remuneration Committee meeting held during 2022, indicating the number of times of personal attendance of all members of the Committee

The Committee held four (4) meetings as follows:


			Meeting	Dates
No.	Name
		25 Jan 2022	30 Mar 2022	19	Apr 2022	17 Oct 2022
1	Mr. Yasser Bin Zayed Al Falasi*	N/A	N/A		N/A	√
2	Ms. Maryam Bin Fares*	N/A	N/A		N/A	√
3	Mr. Obaid Lootah*	N/A	N/A		N/A	√

4	Mr. Mohammed Al Nahdi	√	√		√	√
5	Mr. Abdulla Lootah**	√	√		√	N/A
6	H.E. Khalifa Al Zaffn**	√	√		√	N/A

√ Attended the meeting * Newly elected on 10 May 2022 ** Board member till 27 Apr 2022

The Insiders’ Trading Committee prepares a register of all insiders in the company, in addition to the persons likely to have temporary access to internal information and prepares the systems and laws for the trading of board members and employees in the Company’s shares, its subsidiaries, or related companies. It is also responsible for approving these systems and laws by the Board, and for taking all

necessary measures to maintain the confidentiality of the Company's data.

A. Mr. Hani Fansa, Insiders’ Trading Committee Chairman, acknowledges his responsibility for the insiders’ trading charter in the Company to review its work mechanism and ensure its effectiveness.


No.	Name	Title	Position
1	Mr. Hani Fansa	Chairman	Chief Operating and Transformation Offcer
2	Ms. Amel Al Hosani	Member	Vice President-Human Resources
3	Mr. Ala Hasan	Member	Board Secretary & Head of Compliance and Risk

Preparing a register of all insiders in the Company in addition to the persons who may have temporary access to internal information;
Preparing policies and procedures related to Board and employees trading in the Company’s shares or its parent company, affiliates or associated companies’ shares and submit such policies and procedures to the Board for review and approval;
Take all necessary measures for maintaining

confidentiality of the Company’s key information;

Take the necessary procedures to ensure related parties who have access to internal information including information of the Company maintain confidentiality and prevent this information from abuse or transferring to other parties; and
Ensuring that all insiders sign a declaration form confirming their awareness of their status as insiders and have access to the internal information about the Company & its customers and assume all legal

23 DEYAAR - Integrated Report - 2022

consequences in case of disclosing the information or giving recommendations based on their access by virtue of their positions and informing the Company about any trading of shares of the Company or its affiliates before and after trading.

The Executive Committee shall assist the Board in implementing its missions. In order to do that, the Executive Committee was authorized directly by the Board and granted all powers to take the necessary decisions in order to conduct Company’s works in periods between the Board meetings.

C. Summary of the Committee’s activities in 2022
Updating register of insiders of the Company.
Sending the updated register of insiders to Dubai Financial Market and the Authority as per the template provided.

The Executive Committee monitors and evaluates the achievement of the Company's strategic objectives, reviews the financial budget, feasibility studies and plans for developing new projects, approves and reviews new investments, approves new loans and ensures that the necessary terms and conditions for loans and financing are met.

A. H.E. Hamad Buamim, Executive Committee Chairman, acknowledges his responsibility for the committee charter in the Company to review its work mechanism and ensure its effectiveness.
B. Names of members of the Executive Committee


No.	Name	Title
1	H.E. Hamad Buamim	Chairman


2	Dr. Adnan Chilwan	Member
3	Mr. Rashid Hasan Al	Member
	Dabboos
4	Mr. Obaid Lootah	Member

Monitor and evaluate the progress of achieving Company’s strategic goals and initiatives along with providing the necessary directions to the CEO in this matter;
Review the Company budget and provide recommendation to the Board;
Review and approve the feasibility studies with total cost up to AED 200 million;
Review the feasibility studies for projects that exceed AED 200 million and provide recommendations to the Board;
Review and approve new project development plans with total costs of up to AED 400 million;
Review new project development plans that exceed AED 400 million and provide recommendations to the Board;
Approve new or additional investments up to AED 100 million;
Review new or additional investments that exceed AED 100 million and provide recommendations to the Board;
Approve new or additional loans up to AED 100 million to existing subsidiaries, joint ventures, associates and others;
Ensure appropriate terms and conditions of loan/financing arrangements and approve loan of up to AED 50 million;
C. Statement of number and dates of Executive Committee meetings held during 2022, indicating the number of times of personal attendance of all members of the Committee

The Committee held four (4) meetings as follows:

			Meeting	Dates
No.	Name
		30 Mar 2022	31 May 2022	20	Sep 2022	12 Dec 2022
1	H.E. Hamad Buamim*	N/A	√		√	√
2	Mr. Rashid Al Dabboos*	N/A	√		√	√
3	Dr. Adnan Chilwan*	N/A	√		√	√
4	Mr. Obaid Lootah	√	√		√	√
5	Mr. Mohamed Al Nahdi	√	N/A		N/A	N/A
6	H.E. Khalifa Al Zaffn**	√	N/A		N/A	N/A

7	Mr. Abdullah Lootah**	√	N/A		N/A	N/A

√ Attended the meeting * Newly elected on 10 May 2022 ** Board Member till 27 Apr 2022

24 DEYAAR - Integrated Report - 2022

The Risk Committee oversees and approves the Company’s risk management framework to assist the Board in identifying and managing the risks that the Company is exposed to. The Committee also communicates with the Board and senior Management on the Company's risk management activities and progress to keep them informed of any potential risks to

the Company.

A. Ms. Maryam Bin Fares, Risk Committee Chairman, acknowledges her responsibility for the committee charter in the Company to review its work mechanism and ensure its effectiveness.


No.	Name	Title
1	Ms. Maryam Bin Fares	Chairman
2	Mr. Mohammed Al Sharif	Member
3	Mr. Yasser Bin Zayed Al Falasi	Member
4	Mr. Mohammed Al Nahdi	Member

Develop a comprehensive risk management strategy and policies that are consistent with the nature and volume of the Company activities, monitor its implementation, review and update based on the company internal and external changing factors;
Identify and maintain an acceptable level of risks that the Company may face and ensure that the Company does not exceed such level;
Supervise the risk management framework of the Company and evaluate the effectiveness of the framework and mechanisms of identifying and monitoring the risks that threaten the Company in order to identify areas of inadequacy and adequacy;
Provide guidance to management, as needed, to assist them in improving their risk management practices and/or mitigating certain risks, including the presence of qualified management personnel to carry out risk management activities effectively;
Obtain assurance from the executive management and internal audit that the risk processes and systems operate effectively with appropriate controls, in addition to compliance with

approved policies;

Prepare reports on the level of exposure to risks and recommended procedures for managing such risks, along with submitting them to the Board;
Make recommendations to the Board on matters relating to risk management;
Ensure availability of adequate resources and systems for risk management;
Report regularly to the Board on the Company’s risk profile and promptly inform the Board of any significant changes in the volume of the risk;
Verify that the risk management personnel are apart from the activities that may expose the Company to risk; and
Review appointment, performance and replacement of the Risk officer and monitor the effectiveness of the risk management unit in general.
C. Statement of number and dates of Risk Committee meetings held during 2022, indicating the number of times of personal attendance of all members of the Committee

The Committee held two (2) meetings as follows:

		Meeting Dates	Meeting Dates
No.	Name
		26 Jul 2022	17 Oct 2022
1	Ms. Maryam Bin Fares	√	√
2	Mr. Mohammed Al Sharif	√	√
3	Mr. Yasser Bin Zayed Al Falasi	T	√
4	Mr. Mohammed Al Nahdi	√	√

√ Attended the meeting T Attended through modern technology

25 DEYAAR - Integrated Report - 2022

The Board has overall responsibility for ensuring the effectiveness of the internal control system of the Company. This allows effective and efficient operations, accurate financial reporting and compliance with laws and regulations throughout the following assurance functions:

The Company’s Internal Audit Department is an independent, objective assurance and consulting activity established to enhance and add value to the Company’s operations. It carries out its responsibilities according to corporate governance requirements and international standards issued by Institute of Internal Auditors and its approved guidelines. Its activities are conducted in a manner based on a continuous evaluation of perceived business risks and has full and unrestricted access to all activities, documents, records, properties and staff. This includes verifying the compliance of the Company and its employees with the provisions of applicable laws, regulations, policies and procedures, and following up on the mechanism of risk management.

The Internal Audit Department is reporting to the Board through the Audit Committee so that the Department and its staff are independent to perform the duties and responsibilities entrusted to them.

It ensures the internal control system’s efficiency and effectiveness in accordance with its risk based annual plan approved by the Audit Committee authorised by the Board and submits reports including observations and recommendations related to systems’ improvement to the Management and the Audit Committee.

As a result of continuous follow up and meetings with management during the year, a significant number of open issues where implemented/resolved. Around 85% of the issues are implemented/resolved for reports issued until year 2022.

The Company adopted a risk management framework that is based on qualitative and quantitative assessment of the risks faced by the Company that may affect the achievement of the Company’s strategic, operational and financial objectives by assessing the risks associated with these objectives and processing them through internal controls as one of the effective means of managing, reducing, controlling or transferring risks and evaluate the level of protection provided by this framework.

The Compliance function performs continuous and ongoing monitoring of compliance and implementation of laws and

regulations applicable to the Company. It also monitors the extent to which the Company abides by code of conduct rules, review the setup of Fraud Hotline through Internal Audit Department to enhance awareness regarding the prevention and detection of any fraudulent or irregular activity.

B. Name and qualifications of the Head of Internal Audit Department

Bassam El Ghawi is the Head of Internal Audit Department (Chief Audit Executive, CAE) since August 2014; he is a specialist in control and has an extensive experience (around 27 years) in internal and external auditing, risk management, corporate governance, compliance and fraud investigation.

He has a Bachelor's degree in Accounting and Economics, Diploma in Risk Management from the American Academy of Financial Management and he has also the following professional certificates: Certified Internal Auditor (CIA) – IIA); Certified Information Technology Auditor (CISA) - ISACA; Certified Fraud Examiner (CFE) - ACFE; Certified Risk Management Auditor (CRMA) - IIA; Certified Compliance Officer (CCO) Arab Certified Public Accountant ACPA - ASCA; Certified Risk Management Information Control Systems Auditor (CRISC) - ISACA.

Mr. Ala Addin Mansoor is the Head of Compliance since April 2022, in addition to his role as the Secretary of the Board of the Company. He joined the Company in 2013 and held the position of Public Relations and Investor Relations Manager until 2022. He holds a Bachelor's degree in Mass Communication in Public Relations from Al Falah University - Dubai and has more than 14 years of experience in communication, marketing, public relations management, government relations and investor relations.

D. The Internal Audit Department method in handling any significant issues in the Company

The Internal Audit Department reviews the significant issues in the Company, if any, in detail by identifying its nature and classifying in terms of degree of risk and by determining the size of the issue and evaluating the extent of the negative consequences that may affect the Company.

To avoid further aggravating its occurrences, the Department submits its reports on observations resulting from the review and provides recommendations to the Executive Management and Audit Committee. It ensures that recommendations are implemented. In addition, the Department issues periodic reports to the Audit Committee summarizing the results of its activities as follows:

On quarterly basis: Information on the status and results of the annual audit plan, activities of internal audit staffs, status of action taken by each department on the recommendations of the previous audits and adequacy of Department’s resources.
On annual basis: It is by assessing the appropriateness and effectiveness of the internal control system. The assessment

26 DEYAAR - Integrated Report - 2022

covers all key controls of the Company, including financial and operational controls and risk management system. The implementation of these recommendations is also monitored periodically through issuance of a written report as required.

As per the approved annual audit plan, the Internal Audit Department has not encountered any significant issues within the Company which required to be disclosed in the 2022

annual financial statements.

E. Number of reports issued by the Internal Audit Department to the Board of Directors

The Internal Audit Department reports to the Board through the Audit Committee and issued reports during 2022 to the Committee according to the approved audit plan. The number of reports issued is shown below:

The Company fully abides by the applicable laws and regulations issued by the Securities and Commodities Authority and any legal authority related to financial markets.

Therefore, it did not incur any fines and there were no cases of violations to the applicable laws for the fiscal year 2022.

The Company seeks to have a positive impact on community and the surrounding environment through effective social contributions and partnerships with bodies specialized in social support and environmental issues, emphasizing the need for social activities in line with the Company's strategy and values.

During 2022, the Company celebrated International Women's Day by organizing a bowling tournament for its female employees. The tournament witnessed the participation of nearly forty female employees in enthusiastic and competitive atmosphere.

The Company also organized a number of Umrah trips in cooperation with Beit Al Khair Society and Dar Al Ber Society,

where a number of orphans and needy people were sent to the Holy Land to perform Umrah. The cost of the trips is AED 100,000. Additionally, the Company provided a support of AED 10,000 to the Emirates Society for Parents Care and Relief.

As part of its social activities, the Company organized a health wellness day event at the Company's headquarter in cooperation with a number of clinics and health centers, in order to provide routine examinations for its employees. In the environmental field, the Company participated in the "Earth Hour" campaign organized by Dubai Electricity and Water Authority, by turning off the lights in all its projects in support of this initiative, which is held annually.

A. Statement of the Company’s share price in the market (closing price, highest and lowest price) at the end of each month during 2022:

during 2022:		,

Month	Highest price	Lowest price	Closing price
January	0.48	0.47	0.48
February	0.47	0.46	0.47
March	0.47	0.46	0.46
April	0.48	0.47	0.48
May	0.41	0.40	0.40
June	0.47	0.46	0.46
July	0.50	0.49	0.50
August	0.56	0.54	0.55
September	0.46	0.44	0.45
October	0.50	0.48	0.49
November	0.52	0.51	0.51
December	0.51	0.50	0.51

27 DEYAAR - Integrated Report - 2022

B. Statement of the comparative performance of the Company’s shares with general market index and sector index to which the Company belongs during 2022

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03/01/2022 - 30/12/2022
• Deyaar Development 0.51 • DFM General Index 3,336.07 • DFM Real Estate & Constructions 5,292.28
25
20
15
10
5
0
-5
-10
-15
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C. Statement of shareholders’ ownership distribution as on 31 December 2022 (individual, companies, governments) classified as follows: Local, Gulf, Arab and Foreign:


Shareholders classifcation	Individual	Companies	Percentage Government	of	shares held Banks	Institution	Total
Local	37.473%	10.668%	0.518%		41.147%	0.052%	89.858%
Gulf	1.843%	1.101%	-		0.234%	0.005%	3.183%
Arab	3.469%	0.300%	-		0.001%	-	3.770%
Foreign	1.574%	1.615%	-		-	-	3.189%
Total	44.359%	13.684%	0.518%		41.382%	0.057%	100%

D. Statement of the shareholders owning 5% or more of the Company’s capital as on 31 December 2022

	Name		Number of owned shares		Percentage of owned shares of the Company’s capital

Dubai	Islamic Bank (PJSC)		1,793,350,662		40.983%

E. Statement of the method of shareholders distribution according to the volume of shares an of 31 December 2022

No.	Shares ownership	Number of shareholders	Number of owned shares	Percentage of owned shares of the Company’s capital

1	Less than 50,000	27,276	283,410,249	6.477%
2	From 50,000 to less than 500,000	3,054	478,849,247	10.943%
3	From 500,000 to less than 5,000,000	611	806,987,563	18.442%

4	More than 5,000,000	63	2,806,590,586	64.138%

	Total	31,004	4,375,837,645	100%

28 DEYAAR - Integrated Report - 2022

The Company seeks to enhance the continuous communication with investors; it also seeks to be responsive to all shareholders’ inquiries and directed the inquiries required therefrom to relevant departments of the Company. In order to reach a deeper level of communication, the Company updated the investor relations section in the website by feeding

it with all the financial statements and the annual report, in addition to designing an investor relations presentation that provides information about the company’s strategy, its most important financial statements and its current projects. The page of the Company in the Dubai Financial Market has also been updated complying with the disclosures on time.


Name of Offcer		Mr. Ala Addin Mansoor
		Communication Data

Phone Number		04/3840175 or 04/3840909 or 050/1411223



Email		[email protected] / [email protected]

Arabic	page	http://www.deyaar.ae/ar/investor-relations
English	page	http://www.deyaar.ae/en/investor-relations

On 27 April 2022, a special resolution was approved by the General Assembly to reduce the issued share capital of the Company of AED 5.77 billion to AED 4.37 billion. Additionally, the General Assembly approved delegating the Company’s Chief Executive Officer and/or any of the Board members to take all necessary steps to reduce the share capital of the Company. Subsequent to the AGM resolution, the capital reduction was activated on Dubai Financial Market on 13 Jun 2022.

Further, a special resolution was approved by the General Assembly to amend the Articles of Association to reflect the reduced share capital and be aligned with resolution

No. (6/R.M) of 2022 amending some of the provisions of Resolution No. (3/R.M) of 2020 concerning adopting the Corporate Governance Guide for Public Joint Stock Companies in articles 5.1 and 15.3. The amendments have been published in the official Gazette after obtaining approval from the relevant authorities.

The General Assembly approved on 21 November 2022 by way of special resolution the amicable settlement with Limitless and delegated the Board to sign the settlement agreement amounting to AED 500 million and to take all necessary steps to execute the settlement and duly sign all addendums and amendments related to the payment mechanism.

Name of Board Secretary	Alaa Addin Mansoor Hasan
Date of appointment	10 May 2022

Announcement of the financial results for the year 2021 with revenues of AED 496 million.
The election of the Board for the next three years.
Announcement of Q1, 2022 financial results with revenues of AED 162 million.
Announcement of capital reduction from AED 5.77 billion to AED 4.37 billion i.e. 24.3%.
The launch of Tria project, the Company’s first luxury tower in Dubai Silicon Oasis.
The yellow flag next to the Company on Market watch page has been removed.
The announcement of the financial results for H1 2022 with

29 DEYAAR - Integrated Report - 2022

revenues of AED 369.4 million.

Announcement of 91% completion of Mesk District and 78% Noor District in Midtown.
The announcement of Q3, 2022 financial results with revenues of AED 577.2 million.
The settlement agreement with Limitless has been signed which in turn deposited the first payment of AED 200 million as stipulated in the agreement.
The announcement of AED 300 million real estate development in Al Furjan, comprising of residential units and hotel apartments.

The Company entered into a sale and purchase agreement with a UAE based developer (related party) wherein the sale transaction falls within the definition of a related party in line with International Financial Reporting Standards (IFRS). Certain properties were under dispute with the related party against which the Company received a favourable judgment to terminate all sale and purchase agreements of lands under dispute. In 2022, the related party offered a settlement which was recommended by the Board and approved by the General Assembly by way of special resolution on 21 November 2022.

The Company has signed a Conditional Settlement Agreement with the related party for an amount of AED 500 million i.e. 11.4% of the Company’s capital. The Company received AED 200 million during the year upon execution of the Agreement and the remaining amount of AED 300 million is to be received within 18 months from date of the signed Agreement. Accordingly, the Company submitted an application to the court for the temporary suspension of the auction process on the remaining properties of the related party identified in the Agreement.

environment and attractive incentives to encourage them for creativity and development. Whereas the UAE nationals have priority of employment as appropriate to the applicable legislations and laws in the country. The Company is keen to provide suitable job opportunities for UAE nationals to sharpen their skills and develop their work experiences. The Company encourages its UAE national employees to complete their study and continue their career development thorough providing suitable training.

The percentage of UAE national employees in the Company in 2020, 2021 and 2022 is 9%, 10% and 8% respectively. We aim to increase this percentage in the upcoming years by creating new job opportunities in line with the overall strategy of the Company.

In 2022, the Company started executing its Digital Transformation Strategy, which is based on four pillars: operational excellence, profitable growth, compliance and security, in addition to enhancing customer experience. This strategy aims to provide fast and accurate customer service, by providing digital tools to employees that help them achieve their targets, in addition process automation to achieve sustainable and low-cost business model and increasing revenues from digital operations.

Part of this Digital Transformation Strategy, the Company has completed number of projects throughout its business divisions, which include the following:

Proposal Management
Collection Process Hardening
Legal Cases Management
DPM Branchless Processes
Digital Residents’ Services
Online Fees Collection
Alternatives Payments Methods
Tenant E-Services

The Company provides UAE nationals with a suitable work

VAT & tax invoices restructure
Single Sign On

Yours Sincerely,

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Yasser Bin Zayed
Maryam Bin Fares Bassam El Ghawi
Chairman of Nomination & Remuneration
Chairman of Audit Committee Head of Internal Audit Department
Committee
Abdulla Al Hamli
Chairman of Deyaar Development PJSC
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The signed copy of the governance report available on the company’s website on: https://www.deyaar.ae/en/corporate-governance

30 DEYAAR - Integrated Report - 2022

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Business Review

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To be known as a trusted, integrated real-estate Partner, creating value for stakeholders, society, and the economy.

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To create an urban environment that meets the high standards set by the nation’s leaders, with a diverse portfolio of quality real estate developments and differentiated services, a return on investment for stakeholders and value for customers, whilst providing the tools to our employees to realize their potential.

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Ethical and transparent. Enterprising and agile. Trustworthy and reliable. Quality and value conscious. Committed to the economic transformation under our nation's leadership.

Deyaar Group

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Deyaar
Development
Deyaar
Property Management
Deyaar
Facility Management
Deyaar Community
Management
Deyaar Asset
Management
Joint ventures
& associates
Arady
Developments LLC
SI AL Zorah equity
investments inc.
33 DEYAAR - Integrated Report - 2022
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with revenues of AED 496 million.

been removed.
revenues of AED 369.4 million.

The election of the Board for the next three years.

Announcement of 91% completion of Mesk District and 78% Noor District in Midtown.
of AED 577.2 million.

AED 162 million.

Announcement of capital reduction from AED 5.77 billion to AED 4.37 billion i.e. 24.3%.

The settlement agreement with Limitless has been signed which in turn deposited the first payment of AED 200 million as stipulated in the agreement.

The announcement of AED 300 million real estate development in Al Furjan, comprising of residential units and hotel apartments.

Dubai Silicon Oasis.

34 DEYAAR - Integrated Report - 2022

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Deyaar Development has significantly developed over the past decade to become one of the leading real estate development companies in the region. Deyaar plays an important role in the real estate industry through the development of residential and commercial projects; the Company pays great attention to the trust of its customers and adopts the latest construction technologies to develop high quality projects inline with the highest international standards.

Deyaar has managed to make its distinctive mark on the real estate landscape of Dubai by focusing on meeting customers demand and offering high quality projects with unique designs. Deyaar projects have spread over large areas in Dubai including, the new Business and Finance Center in Business Bay and high-end residential areas in Dubai such as Dubai Marina, Al Barsha, Dubai International Financial Center (DIFC), Jumeirah Lakes Towers, Dubai Silicon Oasis, Dubai Production City, and Dubai Science Park.

The year of 2022 witnessed a growth in the real estate sector which was reflected on Deyaar property development, where the Company launched the Tria Project in Dubai Silicon Oasis, in addition to announcing investments of AED 300 million in Al Furjan through three projects, the first of which is Amalia Residences.

Additionally, the construction of the third and fourth phases in Midtown in in advanced stage, where Mesk District was completed and handover to the owners started in February

2023, while Noor District is near completion and will be handed over in April 2023, on the other hand, the construction work has progressed significantly in the luxury residential tower Regalia and exceeded 20% of completion.

We are armed with knowledge and experience, our strong relationship with all stakeholders, our skilled human resources, and work ethics, and utilize them to exceed customers expectations. Through our strategically located offices in Dubai, Abu Dhabi, Sharjah, Al Ain, Ras Al Khaimah and Fujairah, we offer comprehensive services to tenants and property owners in the UAE.

As part of our strategy to provide the best services to our customers, we have created a Tenant Portal to facilitate tenancy services and provide them online, as the percentage of contracts renewals through the Tenant Portal increased to reach (54%) of the total contracts in the last quarter of the year. The Portal has been developed and new services were added such as electronic tenancy contract, quick payment and notifications, in addition to move-out requests, new contracts, andcontract transfer. The electronic signature was also adopted in tenancy contracts using the DocuSign software. Landlords of properties under our management can access information related to their properties through our Landlord Portal, which serves as the ideal channel between our clients and our services.

Over the past years, we have obtained accreditation from

35 DEYAAR - Integrated Report - 2022

the most prominent international certificates such as: ISO 9001: 2015 in Quality Management Systems for Real Estate Management Services, ISO 55001: 2014 in Asset Management, ISO 45001: 2018 in Health and Safety at Work, and ISO 10002: 2018 in Customer Satisfaction in Quality Management. We currently manage a portfolio of over (15,000) units in over (750) buildings across the UAE. In 2022, more than (1,500) properties were added to our portfolio, and we successfully renewed (85%) of the contracts, and the occupancy rate reached more than (87%).

Deyaar Facilities Management has strengthened its position as a Leading Provider of Integrated Facilities Management Services, by winning new contracts for (21) Projects in Dubai, (7) in Abu Dhabi, (2) in the Northern Emirates and (1) in Al Ain. The Company is keen to diversify its services and enter new sectors, the company is currently providing its services to government entities, charity organizations, hospitality and industrial sector, in addition to residential and commercial properties.

The Company has also expanded its portfolio of services, where an in-house team has been hired to provide new services such as AC maintenance, facade cleaning and maintenance, water tank cleaning. The company also established a unified control center for remote building management. Along with the expansion of service portfolio, manpower of Deyaar Facilities Management increased by 19% to reach 1,535 employees in 2022.

Deyaar Facilities Management is keen to follow the highest standards of quality, hence, the Company holds ISO 9001 certificate in Quality, 14001 in Environmental Management, 45001 in Occupational Health and Safety Management System, and 41001 in Facilities Management, in addition to obtaining the Certificate of the British Institute of Cleaning Science (BICSc). The Company also has an in-house training center in Dubai for its employees, which organized more than 250 training hours, for more than 740 employees in various fields of facilities management. When it comes to technology, all cleaning reports were automated using smartphones and QR codes.

The Company also uses augmented reality in maintenance, which allows specialists to guide technicians on site remotely without the need for them to move physically to the site.

Pursuant to Law No (6) of (2019) on Ownership of Jointly Owned Property in Dubai, Deyaar has renamed the Owners Associations Management Department to Deyaar Communities Management, which continues to provide a full spectrum of services as stipulated by law, including technical, environmental, security, financial, administrative and customer service supervision.

In (2022), Deyaar Community Management was able to add a number of new projects, as the Company acquired two new projects, bringing the number of projects managed by the

Company to 40 projects with more than 8,800 units with a total area of more than 10 million square feet.

The Company holds a number of quality certificates, namely: ISO 9001-2015-Quality, ISO 14001:2015-Environment, ISO 45001: 2018-Occupational Safety and Health.

In line with company’s vision to make our services accessible and available to all customers, we have adopted the NetSuite Platform, which provides the latest technologies for customer service and equipped with an interactive application. Additionally, we have made new improvements to our website and customer portal, where customers can make utility payments and submit applications online. Furthermore, the automated facilities management system (CAFM - ComputerAided Facility Management) has also been implemented, in addition to the Visitor Management System and the installation of chargers for electric cars in the communities managed by the company.

Deyaar has expanded its real estate portfolio beyond commercial and residential properties through hospitality projects. The move comes as part of our overall strategy to diversify our services in the real estate sector, where the Company now owns three hotel facilities in strategically located areas such as Business Bay, Al Barsha and the Dubai Science Park managed by Millennium Hotels & Resorts Middle East and Africa Group.

Deyaar's hospitality achieved an average occupancy rate of 75% in 2022, while the number of bookings reached almost 240,000 bookings during the year.

Nationwide Utility Management represents a new addition to our diversified portfolio of real estate services, and it was established to provide high quality utility management solutions for residential communities and commercial buildings. The company currently offers dynamic and innovative solutions including Automatic Meter Reading (AMR) Technology that digitizes the meter reading process using Smart Bill Technology, energy management and audit services, real estate management and consulting services, and equipment audit, coordination and supervision services.

Within a short period, Nationwide has taken over several projects, and we have also successfully established an Internal Energy Management Department to better serve the Group's energy consumption. During 2022, the Company won 3) contracts in energy management and 4 contracts for consulting and audit services.

The Company has received the accreditation of energy audit services from the Bureau of Regulation and Supervision (RSB) of the Electricity and Water Sector, in addition to receiving accreditation from Ras Al Khaimah Municipality as an accredited energy services company. The Company has obtained a number of ISO certificates, namely: ISO 9001, ISO 140001 and ISO 45001.

36 DEYAAR - Integrated Report - 2022

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Projects

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Deyaar Development Company has contributed to the development of the urban features of Dubai through its modern real estate projects, which include a wide portfolio of commercial and residential properties with high level of quality. The Company is constantly developing its projects by providing integrated residential solutions that combine comfort, luxury and modern lifestyle.

Midtown Project is characterized by vibrant green spaces, provides an active lifestyle with quiet spaces to relax, high-quality facilities, open seating areas, children's play grounds, in addition to the shopping area that includes shops, pharmacies, supermarkets, restaurants and cafes that provide convenience to the residents.

The Project consists of residential buildings between 7 to 16 floors, and Afnan and Dania Districts have been handed over, which are now home to many families residing in Dubai. A number of well-known brands have opened in Midtown over the past two years, and leasing have started in the retail area in the project, knowing that the Company selects tenants carefully according to customers’ needs. Afnan District consists of seven buildings ranging from 7 to 16 floors with a total of 659 apartments, and the project was launched in 2015 and completed in November 2019, and it is the first of six districts within Midtown Project, and since the launch the project witnessed great demand and achieved high sales.

In April of 2016, Deyaar announced the launch of the second phase of Midtown under the name of Dania District, and it was completed and delivered to buyers in February of 2020, and it consists of six residential buildings with 579 apartments.

38 DEYAAR - Integrated Report - 2022

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In 2020, the third and fourth phases of Midtown Project were launched under the names Noor and Mesk; these projects were designed to provide a distinctive living options for middle-income families.

Noor District consists of seven buildings with 593 apartments, while Mesk District consists of four buildings with 275 apartments . Construction work is underway in with the aim of delivering Noor District in the second quarter of 2023, where the completion rate exceeded (80%), while the construction work in the Mesk District was completed in February 2023) and started the handover to the buyers..

Deyaar is working to make Regalia Skyscraper a new landmark in Dubai's urban skyline, by designing it according to the highest international standards with range of luxury facilities and architecture that combines elegant interiors and smart city technologies such as smartphone-compatible control functions, and a wide range of amenities and entertainment.

The Project, which is considered to be the tallest tower ever built by Deyaar, consists of 70 floors, providing a variety of luxury apartments, with various social facilities, business center, as well as indoor and outdoor play grounds for children. These facilities blend with green spaces and seating areas, providing residents with the ideal environment to relax and enjoy time with their families.

The strategic location of the project, the smart home technologies, the luxurious facilities, the exclusive launch offer and many other advantages, have all contributed to achieving high sales within a short period of time.

The Project witnessed a large demand from local and international real estate investors who seek high-quality and luxury real estate properties, as all units in the Project were sold out for a value of one billion, which confirms investors' confidence in the quality of products offered by the Deyaar. Construction work on the Project is proceeding as planned, with the completion rate exceeding 20%.

Deyaar announced the launch of the Tria Project in June 2022, which is its first luxury tower in the Dubai Silicon Oasis with a total value of more than AED 650 million.

39 DEYAAR - Integrated Report - 2022

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The luxury Project consists of 32 floors and occupies a distinctive location in the Dubai Silicon Oasis, and is one of the largest residential projects in this area. The tower takes the modern lifestyle to completely new levels through the best amenities and fitness facilities similar to luxury resorts, in addition to swimming pools, social club, a stateof-the-art sports club, a yoga suite, dedicated steam and sauna rooms, squash and paddle tennis courts, an outdoor cinema, and green spaces.

The tower features an elegant facade of glass and aluminum, and offers a wide range of residential options, including modern spacious studios, one-two-and threebedroom apartments, townhouses and duplexes units, as well as high-end penthouses. Each residential unit has full floor-to-ceiling double-glazed windows offering residents panoramic views of the Dubai skyline.

In December of 2022, Deyaar announced investments worth approximately AED 300 million in Al Furjan through three new projects ranging from residential and hotel apartments to include nearly 400 units. The Amalia Residences is the first project in Al Furjan, where the residential units in the Amalia Residences Project are distinguished by elegance, affordable prices, modern urban atmosphere, with flexible payment plans up to 5 years, and full waiver from DLD fees as part of the offer for those wishing to invest in the Project.

The distinctive Project has been designed to meet all of the needs of its residents, offering a variety of amenities and luxuries that make homes practical and inspiring.

“Arady Developments LLC” is a limited liability company owned by Dubai Properties and Deyaar Development PJSC, where Deyaar owns 50% of this joint venture. The company is involved in real estate development services.

Arady Developments LLC is responsible for developing the Central Park Project, which is an eminent multipurpose project composed of 48 floors in Dubai International Financial Centre. Each of the residential and commercial towers contains a ground floor with an area of 105840 square feet, and a commercial arcade that includes shops ranging from 1000 to 5000 square feet.

The total area of the Central Park project is 1,57 million square feet, and is easily accessible from Sheikh Zayed Road and Al Khail Road, making its location perfect for residences, businesses and leisure thanks to its numerous features and distinguished facilities, including green spaces, pools, shopping options, new shops, and a variety of food and beverage options.

Al Zorah Development Company P.S.C was founded as a free zone subject to Ajman local Laws. It is a joint venture between the Government of Ajman and Solidere International that aims to develop Al Zorah project as a distinct and modern tourist destination. Deyaar owns 22.72% of Solidere International to invest in Al Zorah assets. It is registered in the Cayman Islands. The associate company is a holding company that invests in companies working in the field of real estate development.

40 DEYAAR - Integrated Report - 2022

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Sustainability Report

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In line with the UAE's vision to achieve the Sustainable Development Goals (SDGs) set by the United Nations General Assembly (UNGA) in 2015, which are to be realized by 2030, Deyaar Facilities Management (DFM) is working to establish sustainable and environmentally friendly communities that contribute to the support and development of a sustainable economy, which in turn ensures residents a healthy life within long-term and high-quality buildings. In its strategic vision for its projects, Deyaar has committed to achieving the maximum degree of sustainability that can be attained when developing any real estate project, by designing and implementing integrated and sustainable projects that are environmentally friendly, adding a great value to local communities and creating spaces that harmonize seamlessly with neighboring areas.

In sustainability, Deyaar sees a key to the future and a key element in all of its construction activities and operations, and this is not only limited to protecting the ecosystem through environmental initiatives, but it also extends to include living well with the surrounding community and providing its services within an innovative and sustainable framework.

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Meeting the requirements of the modern sustainable civilian life by providing value-added services that are in line with the requirements and needs of customers and exceed their expectations is the main commitment of Deyaar Development Company, which is a commitment that is in keeping with the directives of the wise leadership in the UAE to provide a safe and flexible environment based on understanding risks and mitigating their effects.

And through its Deyaar Community Management Services Company Subsidiary, the Deyaar Development Parent Company has formulated an integrated management system policy, to which it adheres and it seeks through such adherence to meet the needs of its customers on time, win their satisfaction, and prevent injuries among all employees and all those who may be affected by its operations, all while concurrently striving to prevent pollution and protect the environment.

The Policy applies to everyone working in or supervised by Deyaar Community Management and anyone else affected by the Company's Business. The Policy is reviewed regularly to ensure its alignment with international standards, and measures are taken to ensure that all employees are committed to it. Deyaar, represented by its Community Management arm, is committed to the following obligations:

Ensuring that all its activities are supported by sufficient and suitable articles from the contract that stipulates local and international standards; the laws of the Real Estate Regulatory Agency and other legal documents; and Deyaar's regulations on quality, health, safety, and environment management.
Providing and developing a clear organisational structure with specific responsibilities to support risk assessment,

consultations, and employee engagement.

Carrying out activities in a planned manner, and striving to be a reference in quality, health, safety, and environmental standards.
Developing and maintaining the quality, health, safety, and environment management system of Deyaar Community Management, by setting goals and measuring performance to ensure continuous improvement in management and performance.
Preserving the health, safety, and welfare of employees; and providing the safest possible environment that is free from risks to health and the environment.
Conducting the Company’s affairs in a manner that ensures that persons other than its employees are not exposed to health or safety risks.
Ensuring that the contractors appointed to carry out tasks comply with the relevant required standards and that they are monitored to ensure their compliance.
Investigating accidents and reports of non-compliance to identify root causes and take appropriate and effective corrective measures.
Conducting regular inspections and reviews with the assistance of the management team to monitor compliance with quality, safety, and environmental, standards; and ensuring that monitoring procedures are implemented effectively.
Ensuring that the management team effectively uses the results of internal audits conducted by Deyaar Community Management to achieve general performance improvements.

42 DEYAAR - Integrated Report - 2022

Investing in sustainable technology and innovation is the way through which, the Deyaar Development Parent Company, through its Deyaar Facilities Management Company Subsidiary, seeks to provide high-quality services to customers according to the highest standards to invariably always maintain customer satisfaction, where the pertinent work team commits to the following:

Providing high quality services through the technical system.
Continuous monitoring and improvement of operations in a changing business environment.
Teamwork to ensure optimal results.
Commitment to core values, integrity, fairness, and consistency in actions and practices.

The Deyaar Facilities Management Company works on proactive and clear management to manage health, safety and environment risks, and performance elements in its various operations.

This is showcased through its efforts to:

Prevent accidents and ailments.
Protect the environment and prevent pollution.
Comply to legal and other requirements in force.
Promote health, safety, and environmental values.
Ensure welfare and safety by providing a safe workplace and suitable care for employees.

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43 DEYAAR - Integrated Report - 2022

The Deyaar Development Parent Company and its subsidiarie represented by (Deyaar Property Management, Deyaar Facilities Management, Deyaar Community Management Services and Nationwide Management Services LLC), are all committed to international standards and specifications for a range of management systems that have received certificates of conformity, such as Nationwide Management Services Company, as an Accredited Energy Services Company (ESCO), which has received accreditation from Ras Al Khaimah (RAK) Municipality in (2022), in addition to its previous accreditations from the Bureau of Regulation and Supervision (RSB) in Dubai, also

as an Accredited Energy Services Company (ESCO) and an Accredited Energy Auditor.

The Facilities Management Division at Deyaar, through obtaining international certificates of conformity, demonstrates its continuous efforts to adhere to international standards, and those certificates are as per the following:

ISO 9001: 2015 (Quality Management System).
ISO 45001: 2018 (Occupational Safety and Health Management System).
ISO 14001: 2015 (Environmental Management System).
ISO 41001: 2018 (Facility Management System).

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DEYAAR FACILITIES MANAGEMENT L.L.C DEYAAR FACILITIES MANAGEMENT L.L.C
1ST FLOOR, OFFICE NO – 102,103,104,105, P.O. BOX 238589, BURJ KHALIFA STREET, 1ST FLOOR, OFFICE NO – 102,103,104,105, P.O. BOX 238589, BURJ KHALIFA STREET,
DUBAI, UNITED ARAB EMIRATES DUBAI, UNITED ARAB EMIRATES
Bureau Veritas Certification Holding SAS – UK Branch certifies that the Management System of Bureau Veritas Certification Holding SAS – UK Branch certifies that the Management System of
the above organisation has been audited and found to be in accordance with the requirements the above organisation has been audited and found to be in accordance with the requirements
of the management system standards detailed below of the management system standards detailed below
ISO 9001:2015 ISO 45001:2018
Scope of certification Scope of certification
PROVISION OF FACILITIES MANAGEMENT SERVICES & PROJECT MANAGEMENT OF FIT PROVISION OF FACILITIES MANAGEMENT SERVICES & PROJECT MANAGEMENT OF FIT
OUT WORKS. OUT WORKS.
Original cycle start date: 05 May 2016 Original cycle start date: 29 June 2021
Expiry date of previous cycle: 04 May 2022 Expiry date of previous cycle: 04 May 2022
Certification / Recertification Audit date: 27 April 2022 Certification / Recertification Audit date: 27 April 2022
Certification / Recertification cycle start date: 09 May 2022 Certification / Recertification cycle start date: 09 May 2022
Subject to the continued satisfactory operation of theorganization’s Management System, this certificate expires on: 04 May 2025 Subject to the continued satisfactory operation of theorganization’s Management System, this certificate expires on: 04 May 2025
Certificate No.: DU004787 Version: 1 Issue date: 09 May 2022 Certificate No.: DU004786 Version: 1 Issue date: 09 May 2022
Certification Body Address: 5th Floor, 66 Prescot Street, London, E1 8HG, United Kingdom Certification Body Address: 5th Floor, 66 Prescot Street, London, E1 8HG, United Kingdom
Local Office: Bureau Veritas – Dubai Br., 2nd Floor, Block C, Al Hudaiba Awards Building,Jumeirah Road with 2nd December Interchange, Dubai, U.A.E Local Office: Bureau Veritas – Dubai Br., 2nd Floor, Block C, Al Hudaiba Awards Building,Jumeirah Road with 2nd December Interchange, Dubai, U.A.E
system requirements, please call: +971 4 307 4400Further clarifications regarding the scope and validity of this certificate, and the applicability of the management system requirements, please call: +971 4 307 4400Further clarifications regarding the scope and validity of this certificate, and the applicability of the management
1/1 1/1
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44 DEYAAR - Integrated Report - 2022

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Thanks to its efforts exerted over the past years in the field of sustainability, Deyaar FM has been able to win a number of awards from non-profit organizations, where Deyaar Facilities Management Company, a subsidiary of Deyaar Group, has obtained:

	Issuing Body		Award


	International Real Estate		Gold Award Winner - The

	Community Management		Most Innovative Initiative of
	Summit (IRECMS)		the Year


	International Real Estate		Silver Award Winner- Best

	Community Management Summit (IRECMS)		Mechanical, Electrical, and Plumbing (MEP) Company

	Middle East Facility Management Association (MEFMA)		Highly Commended Digital Transformation Award



	Innovation in FM (Facility Management)		Highly Commended Overall FM (Facility Management) Company of the Year

45 DEYAAR - Integrated Report - 2022

Deyaar FM is committed to sustainability standards, as it believes that sustainability is the key to the future, where it is considered as one of the most important pillars of the Deyaar Development Group, through focusing on three main axes: Society, Environment and Economy.

Through its commitment to international standards within the framework of the previous axes, Deyaar FM ensures that the conduct of its commercial activities takes into thorough account ethical standards, and social, economic and environmental impacts, and it (Deyaar FM, that is) is also committed to championing social issues, and it contributes to raising the standard of individuals' lives and supports community initiatives through close cooperation with specialized community-based organizations (CBOs).

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Community
Economy Environment
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Maintaining the health of community members is a top priority for Deyaar. For this purpose, we provide a safe work environment that complies to all health requirements. We also educate our employees on health issues and conduct regular screenings. Furthermore, we implement blood donation and health awareness campaigns.

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Report type

Internal Control

Internal Audit

Compliance

At Deyaar, Issues related to education are of particular importance both for employees and for society as a whole. We encourage our staff to develop their skills and complete their education, and we have translated this into action by organizing training courses for staff, providing scholarships for graduate studies, and receiving university students to train and work in Deyyar.

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