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FINANCIAL NEWS
Total profits of USD73.93m declared by UAE’s RAK Petroleum
09 May 2013
(MENAFN) RAK Petroleum said that its net profits by the end of 2012 were USD73.93 million, reported Emirates 24/7.
42.8 percent of shareholding in the Norwegian Oil and Gas Company DNO International is held by RAK Petroleum, which means that the company will get a share of the profits and will take part of the responsibilities in case of a loss.
By the end of 2012, the company got back the cost of the shareholding, worth USD666.188 million, due to DNO International market value increase.
During April 2013, the company went bigger by acquiring Mondoil Enterprises, which has a bigger influence than the DNO shareholdings.
The company issued 228,481,656 new shares, increasing the total of the shares to 3,228,481,656.
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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