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ABU DHABI / WAM
Al Qudra Holding PJSC has posted consolidated net profit of AED212.4 million for the year 2017.
This was announced at the annual general meeting for 2017, during which the board of directors announced “great results at all levels and presented its 2017 full activity report for financial year ending on December 31, 2017,†according to a press release issued by the company.
Mohamed Bin Thaaloob Al Derei said that the company is committed to remaining a leading and preferred investment partner internationally as it continues to steadily and confidently work towards objectives, contributing to marking a strong global positioning for the capital and the country on the global map.
Khalifa Yousef Khouri, Vice Chairman of Al Qudra Holding, stated that for the sixth year running, the company recorded an increase in profitability, with a consolidated net profit of AED 212.4 million for the year 2017, highlighting that the company is constantly working on its effective strategies and is looking forward to new investments that will expand its investment portfolio to benefit its shareholders.
As a result of buying Al Rayan Investment Company PJSC, the total assets have increased from AED 2.5 billion in the year 2016 to AED 4.6 billion in 2017.â€