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FINANCIAL NEWS
UAE’s RAK Properties profit up to USD11 m in Q1
29 Apr 2014
(MENAFN) RAK Properties, a property developer listed on the Abu Dhabi Stock Exchange, has recently posted USD11.433 million net profit for the first quarter of the current year compared to USD10.888 million in the same quarter 2013, according to the Emirates 24/7.
The company revenues reached USD23.411 million. No comparative figures were given. The company”s total assets were estimated at USD1.279 billion.
Mohammed Sultan Al Qadi, Managing Director and CEO, RAK Properties, said, “We went off to a good start in 2014 as the company keyed in a net profit of Dh42 million for the first three months alone. The vibrant performance of the company not only demonstrates the growing interest for our latest range of property offerings but also reinforces Ras Al Khaimah”s position as an investment and residential destination for the Middle East region.”
More News
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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