INDEPENDENT AUDITORS’ REPORT TO THE SHAREHOLDERS OF FINANCE HOUSE P.J.S.C

Report on other legal and regulatory requirements

As required by the UAE Federal Law No. (2) of 2015, we report that:

(i)  we have obtained all the information we considered necessary for the purposes of our audit;

(ii) the consolidated financial statements have been prepared and comply, in all material respects, with the applicable provisions of the UAE Federal Law No. (2) of 2015;

(iii)  the Group has maintained proper books of account;

(iv)  the financial information included in the report of the Chairman is consistent with the books of account of the Group;

(v) as disclosed in note 5 to the consolidated financial statements the Group has purchased shares during the year ended 31 December 2018;

(vi) note 27 to the consolidated financial statements discloses material related party transactions, and the terms under which they were conducted;

(vii)  based on the information that has been made available to us, nothing has come to our attention which causes us to believe that the Group has contravened during the year ended 31 December 2018 any of the applicable provisions of the UAE Federal Law No. (2) of 2015 or in respect of the Company, its Articles of Association which would materially affect its activities or its financial position as at 31 December 2018; and

(viii) as disclosed in note 1 to the consolidated financial statements, the Group did not make any social contributions during the year ended 31 December 2018.

Further, as required by Article (114) of the Decretal Federal Law No. (14) of 2018, we report that we have obtained all the information and explanations we considered necessary for the purpose of our audit.

 

 

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Jacques E. Fakhoury

Registered Auditor Number 379

Abu Dhabi, United Arab Emirates

13 February 2019