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RAK Properties posts Dhs151m in 2013 net income

: Monday, March 17 - 2014 @ 11:22

RAK Properties, Ras Al Khaimah’s (RAK) biggest property developer, has reported a net profit of Dhs151m for 2013, compared with Dhs147m reported a year earlier, Gulf Today has reported. The developer’s shareholders also approved the distribution of 5% of profits, or up to Dhs100m, and also approved the proposal to transfer Dhs1bn of retained earnings to statutory and regular reserves, respectively.

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Monday, March 17- 2014 @ 11:22 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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