Page 3 - Q3-2024-EN

REPORT ON REVIEW OF
INTERIM CONSOLIDATED FINANCIAL INFORMATION

The Board of Directors
Al Mazaya Holding Company K.S.C.P.
State of Kuwait

Introduction
We have reviewed the accompanying interim condensed consolidated statement of financial position of Al Mazaya Holding
Company K.S.C.P. (The Parent Company) and its subsidiaries (the Group) as of September 30, 2023 and the related interim
condensed consolidated statements of profit or loss, profit or loss and other comprehensive income, changes in equity and cash
flows for the nine months period then ended. Management of the Parent Company is responsible for the preparation and
presentation of this interim consolidated financial information in accordance with International Accounting Standard 34, “Interim
Financial Reporting”. Our responsibility is to express a conclusion on this interim consolidated financial information based on our
review.

Scope of Review
We conducted our review in accordance with International Standard on Review Engagements 2410, “Review of Interim financial
information performed by the Independent Auditor of the Entity.” A review of interim consolidated financial information consists of
making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing
and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be
identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim consolidated
financial information is not prepared, in all material respects, in accordance with International Accounting Standard 34.

Emphasis of Matter
We would like to draw attention to Note 14 to the interim consolidated financial information, which states that Al Mazaya
Holding Company - K.S.C.P. (Parent Company) and First Dubai Real Estate Development Company - K.S.C.P. (Subsidiary)
are entering into a Merger by Amalgamation, where Al Mazaya Holding Company - K.S.C.P. will be the “Merging” company
and First Dubai Real Estate Development Company - K.S.C.P. will be the “Merged” company.
Our conclusion is not modified in respect to this matter.