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Deyaar Development PJSC Earnings Release 2023

Jan 24, 2023

66353_rns_2023-01-24_c4584035-496c-480b-8f7a-53e2842d0b6d.pdf

Earnings Release

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Preliminary Results of Public Joint Shareholders Company (for the year ended 31st December 2022)

First - General Information:

Name of the company: Deyaar Development PJSC
Date of establishment: 10 July 2007
Paid up capital: AED 4,375,837,645
Subscribed capital: AED 4,375,837,645
Authorized capital: AED 4,375,837,645
Chairman of the Board: Mr. Abdulla Ali Obaid Al Hamli
Chief Executive Officer: Mr. Saeed Mohammed Al Qatami
Name of the external auditor : Deloitte & Touche (M.E.)
Mailing address: P.O. Box 30833, Level 6, Deyaar Building,
Al Barsha 1, Dubai, U.A.E.
Tel: +971 4 395 7700
Fax: +971 4 395 7804
$E$ – mail: [email protected]

Page 1 of 2

Second - Preliminary Results (000 AED):

îă. 2022
Unaudited
AED '000'
2021
Audited
AED '000'
1-Total Assets 6,176,414 5,791,517
2- Shareholders Equity 4,502,485 4,361,964
3- Revenues 803,409 496,955
4- Net profit for the period 144,238 50,802
5- Earnings per share Fils 3.30 Fils 0.88

6-Summary of the company's performance for the last fiscal year.

  • The company achieved an increase in revenues by 61.7% compared to 2021. $\bullet$
  • The company achieved an increase in net profit by 183.9% compared to 2021. $\bullet$
  • Successfully completed capital restructuring in June 2022 by writing off $\bullet$ accumulated losses from previous years.
  • Successfully launched Tria Project in Dubai Silicon Oasis in July 2022 and $\bullet$ achieved significant progress in project construction activities, where projects will be delivered before the committed timeline.
signatory The name of the chairman of the company or the authorized Saeed Mohammed Al Qatami
Signature and Date 24 January 2023
Company's Seal
81
DEYAÄR
Deyaar Development PJSC Page 2 of 2
百日
EYAA
PO Box 30833, Dubai, UAE
T: +971 4 395 7700

$\Delta \bullet$