Chairman’s Statement

CHAIRMAN’S STATEMENT

On behalf of the Board of Directors, I am pleased to welcome you to the 15th Annual General Assembly Meeting of Finance House P.J.S.C and its subsidiaries (FH Group), and I am pleased to present the Annual Report for the financial year ended 31 December 2019.

Despite challenging economic and financial market conditions, FH Group has posted a Consolidated Net Profit of AED 22.45 million for the financial year ended 31 December 2019, which is 25.8% higher than the Net Profit of AED 17.84 million registered in the previous financial year ended 31 December 2018.

We look forward to a better future, and we believe in our abilities to navigate through the current global challenging situation and restore our profitable performance. We continue to recalibrate our strategies and strategy execution capabilities on a regular basis in response to dynamic changes in market conditions.