Strategic Asset Allocation

The Group maintains a disciplined capital allocation framework focused on high-stability asset classes, including direct equity participations in established operating companies, sovereign-grade instruments, and high-quality income-generating structures. The allocation approach is designed to prioritize capital preservation, structural stability, and consistent internal cash flow generation across the Group’s balance sheet. The framework incorporates embedded flexibility to adjust exposure, reallocate capital, or reduce positioning during periods of market stress. All allocations are governed by strict internal risk controls, ensuring alignment with the Group’s long-term stability mandate and maintaining a balanced exposure across tangible assets, strategic equity holdings, and high-grade capital-preserving instruments.