A
N),L21
te.o:
ARAM GROUP
P.1.5.C.
Discussion report and analysis of the board of directors of the listed public shareholding company
Date 14.11.2022
Name of the Listed Company Aram Group Company
The period of the financial statements covered by the report Review Financials Q3,2022
Realized operation revenue AED 7.94 million
Net Profit AED 0.36 million
Overview of the main results during the financial period Total Assets AED 174.4 million
Total Equity AED 110.2 million
Capital AED 78,901,086
Securities issued during the financial period Nil
-New operational(cid:9) model(cid:9) has been adopted with new
investment strategies that are more diversified, strategic and
Summary of the most important non-financial events and
higher returning.
developments during the financial period
-Enhancing(cid:9) governance(cid:9) and(cid:9) compliance(cid:9) with(cid:9) SCA
requirements
Operational Income increased by 9.11% compared to
2021 corresponding period
2-New Consultants
RSM, BHM, ENB (Legal), (TAGI)has been appointed to
advise on new investment strategy
Overall Occupancy rate increased up to 84.29% from
80.95% reported at 2Q,2022
Summary of operational performance during the financial period
Price to book value ratio increased from 1.65 reported at
3Q2021 to 2.00 by 3Q2022
Achieved 92% of the Budgeted operational revenue for
the Yr 2022 by 3Qof 2022
Implemented strong follow up process over the
outstanding balances and gradually seeing the result of
same
Despite the ultra-competitive real estate market and poor
Summary of profit and loss during the financial period
macro-economic(cid:9) performances,(cid:9) company(cid:9) was(cid:9) able(cid:9) to
maintain positive net profitability consecutively.
-Operating Income for the period ending Q3, 2022 stood at
AED 7.94 Million with increment of 9.11% compared to Q3,
Summary of financial position as at the end of the financial period 2021.
- Total Assets of the company increased by 4.06% during the
nine months period
Page 1 of 2
(cid:9)
Tel: +971 6 556 5570 Fax: +971 6 556 5572 ilY1 1 001 00Y( LyASIA -Fin 1 001 00V. :1-11:110
Postal Code: 61109, P.O. Box 5440,(cid:9) Ott.(cid:9) .0a 6 111,i .4..4Mall
(cid:9)
Sharjah, United Arab Emirates(cid:9) Website: www.aramgroup.ae Zaaal(cid:9) 1:11).411 aiiiL1.11Net cash flow from operating activities AED 844,472/-
Summary of cash flows during the financial period Net cash flow from Investing activities AED 590,571
Net cash flow used in financing activities AED NIL
Book value AED 1.40 has not changed compared previous
Main performance indicators
quarter result of AED 1.40
Decrease in rental prices along with stabilization in demand
during theyear 2022. Prevailing slow growth of the real estate
Expectations(cid:9) for the(cid:9) sector(cid:9) and(cid:9) the(cid:9) company's(cid:9) role(cid:9) in(cid:9) these
sector would improve at lower rate of 3%.
expectations
Company is more focus on internal efficiency rather than
external(cid:9) performance to keep the profitability high.
UAE economy has proven its strength against the economic
crises developed due to COVID pandemic situation and are in
steady increment path.
Expectations regarding the economy and its impact on the Alongside the economic growth, it is expected that real estate
company and the sector sector would boom back to pre-pandemic status leaving
better prospect to the company.
The new investment strategies will capture the coming
economic improvement.
Company is working on the new operational model initiated
Future plans for growth and changes in operations in future
and is in the process of diversification of business process in to
periods
high yield investments
Considering the positive market Industry expectation, the
The size and impact of current and projected capital expenditures company intends to increase its capital expenditure in order
on the company to diversify the investment portfolio and sustain variety of
revenue sources.
The developments of the implementation of projects, plans and
-New investment Plans and strategies are discussed
transactions and deals that were discussed by the company's
board of directors in the report for the previous fiscal year
The name of the chairman of the company or the authorized
Mr. Z.IYAD MAHMOUD KHAIRUL LAU AL HAJI
signatory
i (cid:9) ...-
Signature and datA
14.11.2022
Mir
III (cid:9) , a /
Company's Se(cid:9) _............e..= - ....
! .(cid:9) .
SHARJAH
A.
447, (cid:9)
GROup COw
Page 2 of 2

Sentiment: positive