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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
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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