Chairman’s Statement

CHAIRMAN’S STATEMENT

On behalf of the Board of Directors, I am pleased to welcome you to the 16th 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 2020.

Despite challenging economic and financial market conditions, FH Group has posted a Consolidated Net Profit of AED 20.90 million for the financial year ended 31 December 2020 compared to AED 22.45 million registered in the previous financial year ended 31 December 2019.

We continuously strive for a better tomorrow, and we believe that our capabilities will allow us to surpass the current global challenging situation and restore our profitable performance. We continue to optimize our strategies and strategy execution capabilities on a regular basis based on the dynamic market changes.