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Disclosure about Full Debt Settlement

  With reference to the above subject and to paragraph (10) of article 1-1-4 of chapter 4 of book 10 of the executive regulation of law No.7 of 2010 regarding the establishment of the Capital Markets Authority and regulating securities’ activities, kindly find attached disclosure of material information form:



First Dubai Real-estate Development Co.

Name of listed company

First Dubai Real-estate Development Co. has settled the full due debts with a total amount of AED 189,500,000to one of the GCC banks in addition to the related financing charges and other due fees as of the settlement date. This settlement was funded by the parent company (Al Mazaya Holding Co. K.S.C.P) through the current account between the two parties.

Material information

This will be reflected in the interim consolidated financial information of the Company for the third quarter of 2019. This process will end the financing charges associated with the banking facilities as of the date of settlement in addition to the enhancement of future financial liquidity of the company.

Effect of the material information on the company financial position