RAK Properties posts 22.5 surge in profit issacjohn@khaleejtimes.com Filed on February 21, 2021
Mina Al Arab community, a waterfront community continued to lure in investors and end-users who looked for a safe haven, highest safety and security measures were in place in response to the guidelines put forward by the concerned authorities.
The developer said in a statement on Sunday that the value of its assets surged to Dh5.8 billion in 2020 from Dh5.6 billion
RAK Properties recorded a 22.5 per cent growth in net profit to Dh114 million in 2020 compared to Dh93 million in 2019.
The developer said in a statement on Sunday that the value of its assets surged to Dh5.8 billion in 2020 from Dh5.6 billion as revenue increased by 25 per cent to Dh243 million in 2020 from Dh195 million in 2019.
(MENAFN - Khaleej Times) RAK Properties recorded a 22.5 per cent growth in net profit to Dh114 million in 2020 compared to Dh93 million in 2019.
The developer said in a statement on Sunday that the value of its assets surged to Dh5.8 billion in 2020 from Dh5.6 billion as revenue increased by 25 per cent to Dh243 million in 2020 from Dh195 million in 2019.
Mohammed Sultan Al Qadi, managing director of RAK Properties, said the company s performance in 2020 reflected its ability to deal with challenges during these exceptional pandemic circumstances which cast a shadow over all sectors and affected it directly and indirectly. Despite the challenges, RAK Properties announced initiatives that align with the government s efforts to support all the investors and stakeholders in the long term, said Al Qadi.
Dubai: RAK Properties PJSC posted a net profit of Dh114 million in 2020, compared to Dh93 million in 2019.
The company reported an increase in its total assets from Dh5.6 billion announced by the end of 2019 to Dh5.8 billion in 2020
“RAK Properties performance in 2020 reflects our ability to deal with challenges during these exceptional pandemic circumstances which casted a shadow over all sectors and affected them directly and indirectly,” said Mohammed Sultan Al Qadi, Managing Director of RAK Properties.
Al Qadi said despite the challenges, RAK Properties announced initiatives which aligns with the government’s efforts to support all the investors and stakeholders in the long term. As a result, Mina Al Arab community continued to lure in investors and end users who looked for a safe heaven, highest safety and security measures were in place in response to the guidelines put forward by the concerned authorities.
RAK Properties reports increase in revenue to $48 4m for Q3 20 constructionweekonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from constructionweekonline.com Daily Mail and Mail on Sunday newspapers.