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Notification from the Company | premargin

Notification from the Company

·DFM·Disclosure·May 15, 2026·View on exchange

AI Summary

Parkin will retrospectively apply a 5% Value Added Tax (VAT) on public parking and seasonal card revenues effective from 1 February 2024.
The company will pay approximately AED 78 million to the Federal Tax Authority (FTA) for the historical period up to 30 April 2026.

The Roads and Transport Authority (RTA) will fully reimburse the AED 78 million payment to Parkin, a mechanism designed to protect shareholders from material financial impact through 31 May 2026.

Moving forward, the company will continue to settle VAT with the FTA on all applicable public parking revenue streams.

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Attachments

VAT DFM Announcement Dual Language 15 May 202675.P

Parkin