Al-`Aqar Healthcare REIT Annual Report 2024

INSIDE THIS REPORT The cover of Al-`Aqar’s Annual Report 2024 reflects our commitment to expanding our potential and building a stronger, more resilient future, ensuring lasting value for our stakeholders. We continue to grow in the healthcare real estate sector by exploring new opportunities, optimising our portfolio and enhancing our properties to support industry growth. Therefore, strengthening our partnership with sponsor and stakeholders remains a priority. In addition, we focus on maintaining high-quality assets and effective management to support steady growth and consistent returns. Hence, Al-`Aqar is dedicated to meeting the evolving needs of the healthcare sector and building a strong foundation for the future. RATIONALE SECTION 2 08 Letter to Stakeholders 12 Five-Year Financial Performance 14 Trading Performance 16 Market Summary Report 18 Management Discussion & Analysis 18 Financial Review 23 Operations Review 28 Capital 29 Risk Management 30 Investor Relations Report BUSINESS OVERVIEW 02 Corporate Profile 03 2024 Year in Review 04 Corporate Information 05 Trust Structure & Organisation Structure 07 Salient Features SECTION 1 ABOUT US SECTION 3 SUSTAINABILITY STATEMENT 32 A Glimpse at Our Statement 34 Milestones on our Sustainability Journey 35 Our Approach to Sustainability 37 Essential ESG Performance Metrics 41 Assessing Our Materiality Matters 46 Robust Corporate Governance 50 Sustainable Trust Fund 52 Strong Social Relationships 59 Environmental Stewardship 62 Our Sustainability Journey Onwards 63 Performance Data Table 66 Independent Limited Assurance Report 68 GRI Content Index

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