17 Cash and cash equivalents

	2024		2023
	AED’000		AED’000
Cash balances
Cash on hand	8,521		7,033
Due from banks with original maturities of less
than three months
Placements with banks	4,637		–
Call accounts	90,244		27,051
Current and demand accounts	113,702		41,728
Balance with the Central Bank of the UAE	174,000		213,637
Restricted cash balances*	6,000		6,000
	388,583		288,416
Due to banks and other financial institutions with
original maturity of less than three months	(42,863)		(32,795)
Other restricted cash balances*	(6,000)		(6,000)
Net cash and cash equivalents	348,241		256,654

*Restricted cash represents deposits with CBUAE amounting to AED 6,000 thousand (2023: AED 6,000 thousand).