Chairman’s Statement

CHAIRMAN’S STATEMENT

On behalf of the Board of Directors, I am pleased to welcome you to the 17th 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 2021.

Amidst steadily improving economic and financial market conditions, FH Group has posted a Consolidated Net Profit of AED 22.76 million for the financial year ended 31 December 2021, compared to AED 20.90 million registered in the previous financial year ended 31 December 2020.

Without doubt, economic conditions in the UAE significantly improved during 2021. We feel good that the FH Group leveraged this improving economic environment to fortify our level of preparedness to compete in the world that lies ahead. We continue to fine-tune our strategies and strategy execution capabilities on a regular basis in response to dynamic changes in market conditions. We are alert and geared to exploit profitable opportunities, to adapt quickly to changing market conditions, to continue managing risks well and to maximize returns for our shareholders.