Statement of Changes in Equity
| Share capital | Statutory reserve | Retained earnings | Total equity | |
|---|---|---|---|---|
| AED’000 | AED’000 | AED’000 | AED’000 | |
| At 1 January 2023 | 75,000 | 37,500 | 491,414 | 603,914 |
| Total comprehensive income for the year | ‑ | ‑ | 1,097,967 | 1,097,967 |
| Transaction with owners in their capacity as owners: | ||||
| Dividend declared and paid (Note 31) | ‑ | ‑ | (1,039,334) | (1,039,334) |
| At 31 December 2023 | 75,000 | 37,500 | 550,047 | 662,547 |
| Total comprehensive income for the year | ‑ | ‑ | 1,164,548 | 1,164,548 |
| Transaction with owners in their capacity as owners: | ||||
| Contribution through fair value impact of long‑term financing from a related party (Note 23) | ‑ | ‑ | 355,673 | 355,673 |
| Dividend declared and paid (Note 31) | ‑ | ‑ | (1,094,759) | (1,094,759) |
| At 31 December 2024 | 75,000 | 37,500 | 975,509 | 1,088,009 |
The accompanying notes 1 to 37 form an integral part of these financial statements.