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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
16/02/2018
RAK Properties reported on Thursday a 10 per cent increase in its net profit for 2017, reaching Dh192 million from Dh175 million in 2016. Revenues of the company for 2017 were at Dh313 million. Net o
Gulf News
04/10/2017
Reasonable price, accessibility, luxurious amenities and other incentives are driving the real estate market in Ras Al Khaimah. Investors and real estate businesses are heading north, quick to sense
Gulf News
27/09/2017
Comprising one-, two-, and three-bedroom apartments, as well as duplex units, the tower will be surrounded by amenities such as restaurants, shopping options, parks, walkways, and gardens.
Construction Week Online
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The
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In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental
Kuwait Times
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