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RAK Properties posts $49.9 million for 2009 ending September 30

RAK Properties announced in a statement on Saturday it achieved a net profit of AED181.49...

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October 17, 2009 6:49 by



RAK Properties announced in a statement on Saturday it achieved a net profit of AED181.49 million ($49.9 million) for the first three quarters of 2009, bringing its total equity to AED3.15 billion, up AED77 million compared to the same period last year.

Mohamed Sultan Al Qadi, managing director and CEO of RAK Properties, said he expects the firm’s profit to grow after it completes its projects this year.



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