Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Bahrain All Share Index, Islamic Index close higher
- CBB Government Development Bond issue 39 oversubscribed by 308%
- Closing Bell: TASI closes in green at 11,764
- Qatar, Germany discuss mutual investments to strengthen ties
- Al Ahlia wins contract to build largest Merc-Benz facility in Kuwait
- Quarterly earnings announcements, tariff hold support stock market's rise: financial analyst
- Gold rebounds on dip buying despite US-China trade deal hopes
- China says US should revoke unilateral tariffs, denies talks
- Saudi Awwal Bank signs SR2 billion credit facility with Saudi Binladin Group
- World Bank forecasts MENA growth at 2.6% in 2025, 3.7% in 2026
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
| Ticker | Price | Volume |
|---|
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia