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- Bahrain All Share Index closes higher
- Gulf Bank showcases banking services and red Account benefits for youth
- Ooredoo sells 6% stake in Meeza; to focus on expansion of Syntys
- Real estate prices in Oman rise 10.8% in Q2 2025
- FTSE Russell includes Al Mahhar Holding in global equity Index Series
- AD Ports breaks ground on $380m Angolan ports terminal
- Oman Investment Bank completes $190m bond issuance for Sindbad Overseas
- QSE ends three days of bull-run as index loses 41 points; M-cap melts QR1.28bn
- QIMC buys Qatar Oman Investment's 7% stake in QALEX
- QNB enables UPI acceptance in Qatar; Qatar Duty Free becomes 'first live' merchant
20/03/2018 05:40 AST
RAK Properties said its board approved increasing the cash dividend to 6 per cent of the nominal value of share (6 fils per share), up from the recently recommended 5 per cent.
"The year 2017 was another very successful year for the company despite volatility in the real estate market. With the full support of our partners and stakeholders, RAK Properties managed to record double-digit growth in its net profit and net operating profit for the period ending on December 31st 2017," said Mohammad Al Qadi, Managing Director and CEO of RAK Properties, in a statement.
RAK Properties declared a net profit of Dh192 million for 2017 compared to Dh175 million for 2016, showing year-on-year growth of 10 per cent. This represents an earnings per share increase of Dh0.10 compared to Dh0.09 declared the previous year.
Gulf News
15/08/2025
RAK Properties recorded a revenue of AED774.79 million ($210.97 million) for the H1 period, with net profit soaring by a remarkable 80% to AED160.6 million ($43.73 million), compared to AED89.06 mill
Trade Arabia
04/08/2025
Giorgio Armani, in a landmark partnership with RAK Properties, Ras Al Khaimah's leading community developer, and SIE Group, today (August 3) announced the launch of the first Armani-branded villas in
Trade Arabia
18/06/2025
RAK Properties, a leading UAE property developer, has announced the launch of Solera, a vibrant new apartment community set to define the new downtown rhythm of its flagship waterfront destination, M
Trade Arabia
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22/09/2025
Gulf Bank announced its sponsorship and participation in the orientation event for new students organized by the American University of Kuwait, as part of its ongoing commitment to engage with new st
Kuwait Times
22/09/2025
Ooredoo Group has sold a minority 6% stake in Meeza- QSTP, Doha's leading managed information technology services and solutions provider, to certain funds managed by Fiera Capital (UK) at the current
Gulf Times
22/09/2025
Al Mahhar Holding Company, a public shareholding company providing specialised services and products to the energy and infrastructure sectors, has been included in the FTSE Russell Global Equity Inde
Gulf Times
22/09/2025
AD Ports Group has laid the foundation stone for the Noatum Ports Luanda Terminal at the Port of Luanda, marking the commencement of one of the most significant port modernisation and expansion proje
Trade Arabia
22/09/2025
Qatar Industrial Manufacturing Company (QIMC) has signed an agreement to purchase a 7% stake held by Qatar Oman Investment Company in Qatar Aluminum Extrusion Company (QALEX), bringing its total stak
Gulf Times
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