This new measure is in appreciation of the recent noble deed of UAE President; His Highness Sheikh Khalifa Bin Zayed Al Nahyan, doubling the monthly children's allowance of Emarati employees in the public sector to AED600 from the previous AED300.
Mohammed Sultan Al Qadi, Managing Director of RAK Properties said that the decision is also a reaffirmation of his Company's support for Sheikh Khalifa's commitment to the cause of strengthening the social stability of UAE nationals.
"RAK Properties is a Public Joint Stock Company yet its employees will now be entitled to the children's allowance as their countrymen working in the public sector. Also, by extending this facility to our Emarati employees, RAK Properties is expressing solidarity with the President's concern for the social security of UAE citizens and their families," Al Qadi added.
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RAK Properties announces new employee incentive
- United Arab Emirates: Tuesday, January 09 - 2007 at 11:30
- PRESS RELEASE
RAK Properties, the largest property developer in Ras Al Khaimah, has decided to grant a monthly allowance of AED600 to each child of UAE nationals working in the Company.
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RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company that operates in a sector that is enjoying an economic boom. It was established to implement the emirate's plans to promote real estate, tourism and leisure facilities in RAK and invest in interesting projects. It is intended that its activities will encourage economic growth in the UAE in general and Ras Al Khaimah in particular. The company launched its first project, Julfar Towers - a 43-storey twin office and residential project at a cost of AED500 million - in February 2006 followed by Mina Al Arab - spread over 30 million sq. feet at a cost of AED 10 Billion - in May 2006.For further information, please contact:
Lina Anani/Sami Al Shorafa
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East and North Africa
Dubai, UAE
Tel: +971-4-3344550,
Fax: +971-4-3344556
Posted by Janeta Novakovic, Assistant News EditorTuesday, January 09 - 2007 at 11:30 UAE local time (GMT+4)
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This article was updated on Mon Apr 30 2007.
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