Accounting standards
Financial statements are prepared under IFRS as applicable to a private company, on an accruals basis, with revenue recognised against delivery milestones rather than invoicing dates.
INVESTOR RELATIONS
Financial reporting and what we disclose
As a privately held free zone company we do not publish statutory accounts. This page states the basis on which our numbers are prepared, what is available on request, and the conditions attached to it, so nobody has to guess.
Financials and disclosures
BASIS OF PREPARATION
How the numbers are produced
Financial year
The financial year runs to 31 December. Management accounts are prepared monthly and reviewed against the approved budget.
Independent review
Annual financial statements are prepared for independent audit or review in line with free zone requirements and the expectations of institutional counterparties.
Tax position
The company is registered for UAE corporate tax and VAT obligations as applicable, and files within statutory deadlines.
AVAILABLE ON REQUEST
The due diligence pack
Released to investors, lenders, prime contractors and procurement teams under a mutual non-disclosure agreement.
Financial statements
Annual financial statements for available periods, plus current-year management accounts and cash position.
Revenue analysis
Contracted and recurring revenue, pipeline weighted by stage, and client concentration by revenue share.
Banking and standing
Bank reference, account details for verification, and confirmation of the absence of insolvency or enforcement proceedings.
Corporate documents
Trade licence, memorandum of association, shareholder and beneficial ownership detail, and insurance certificates.
REPORTING TO INVESTORS
What holders of an interest receive
Quarterly reporting
Trading update, revenue and cash position, pipeline movement and progress against the plan agreed at the start of the year.
Annual reporting
Full-year statements, an updated strategy note and a written assessment of the risks carried into the following year.
Material events
Notification without delay of anything materially affecting value: major contract award or loss, litigation, security incident or change of control.
Access to management
A standing right to a management call each quarter, and to the underlying working papers behind any figure reported.
Requests for the pack should be sent from a verifiable corporate domain and state the purpose and the parties involved.
Need something that is not published here?
Investor, lender and partner requests for detailed documentation are handled directly by the founding team under a mutual non-disclosure agreement.