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The company signed a credit facilities agreement with one of the Kuwaiti Islamic banks amounting to KD 6,300,000 repayable in seven years.

Date: 8/3/2022

Subject: Disclosure of the signing of the Market Maker Services Agreement

With reference to the above subject, and to Article 4-1-1 of Chapter Four of the Tenth Book of the Executive Regulations of Law No. 7 of 2010 regarding the establishment of the Capital Markets Authority and Regulating Securities Activity, attached is a fold of the material information disclosure form.



Name of listed company

First Dubai Real Estate Development Co.

Material information

First Dubai Real Estate Development Co. signed a market maker services agreement with the National Investments Company K.S.C.P that is licensed to engage in securities activities in order to provide liquidity and activate the forces of supply and demand for the company’s shares, by applying the trading rules established by the Capital Markets Authority, the Kuwait Stock Exchange and the Kuwait Clearing Company.

Effect of the material information on the company financial position

There is no impact on the company's financial statements.