Independent auditors’ report to the shareholders of Finance House P.J.S.C

Basis For Opinion

The Group’s investment in Empay LLC, an investment in associate accounted for using the equity method, is carried at AED 34,450 thousand on the consolidated statement of financial position as at 31 December 2023. We were unable to obtain sufficient appropriate audit evidence on the carrying amount of the Group’s investment in Empay LLC as at 31 December 2023, the Group’s share of Empay LLC’s results for the year and related disclosures because there was no financial information available for Empay LLC. Consequently, we were unable to determine whether any adjustments to these amounts were necessary.

 

We conducted our audit in accordance with International Standards on Auditing (ISA). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code) together with the other ethical requirements that are relevant to our audit of the consolidated financial statements in the United Arab Emirates, and we have fulfilled our other ethical responsibilities in accordance with the requirements of the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.