Reem Investments' officials during the AGM
Reem Investments posts $57m net profit
ABU DHABI, April 4, 2016
Reem Investments, a leading investment company in Abu Dhabi, has posted a net profit of Dh211 million ($57.4 million) for the financial year 2015.
It was announced at the recently concluded annual general meeting, where the board also approved a 12 per cent cash divident - an increase of 20 per cent over the previous year, said a statement.
Abdulhamid Saeed, managing director, said: “During 2015, where oil prices and UAE equities were down, the investment portfolio made an effective contribution to the Net Profit.
"The company is also in advanced stages in commencing new development projects that will boost its recurring revenue stream.” - TradeArabia News Service
