Consolidated Statement of Changes in Equity
for the year ended 31 December 2024

AED’000	Share capital	Statutory reserve	Merger reserve	Capital reserve	Other reserves	(Accumulated losses) / retained earnings	Net equity
As at 1 January 2023	6,850,000	136,469	1,092,817	3,783	45,760	(400,456)	7,728,373
Profit for the year	‑	‑	‑	‑	‑	601,916	601,916
Other comprehensive income	‑	‑	‑	‑	2,147	‑	2,147
Total comprehensive income for the year	‑	‑	‑	‑	2,147	601,916	604,063
Transfer to statutory reserve	‑	60,192	‑	‑	‑	(60,192)	‑
As at 1 January 2024	6,850,000	196,661	1,092,817	3,783	47,907	141,268	8,332,436
Profit for the year	‑	‑	‑	‑	‑	392,392	392,392
Other comprehensive loss	‑	‑	‑	‑	(4,341)	‑	(4,341)
Total comprehensive income for the year	‑	‑	‑	‑	(4,341)	392,392	388,051
Transfer to statutory reserve	‑	39,239	‑	‑	‑	(39,239)	‑
As at 31 December 2024	6,850,000	235,900	1,092,817	3,783	43,566	494,421	8,720,487

The accompanying notes form an integral part of these consolidated financial statements.