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160 million dirham profit for Finance House PJSC

United Arab Emirates: Tuesday, January 23 - 2007 at 09:31
PRESS RELEASE

On 22 January, 2007, Board of Directors of Finance House (pjsc), Abu Dhabi, met to review the financial results and the overall performance of Finance House for 2006 where a profit of AED.160 million was achieved with an increase of 19 per cent in net profit for the year ended 31 December, 2006 over the comparable last year.

Mohammed Alqubaisi, Chairman of Finance House.

The Board of Directors has also approved management's recommendation of 50% cash dividend for final approval by the shareholder in the Annual General Meeting to be held on 14 February, 2007 at 6 p.m. in Abu Dhabi Chamber of Commerce and Industry to discuss and approve the Financial Statements and all other agenda items.

Commenting on the results, Mohammed Alqubaisi, Chairman of Finance House said:

"We are firmly on a growth path and are clearly poised to build on our early successes. Our balance sheet reflects a strong capitalization and affords us a robust platform on which to develop products to meet and exceed the expectations of our highly valued customers."

"We plan to continue introducing innovative products and services progressively and our business strategy is on track to establishing Finance House as a serious contender in the market while developing Art of Finance products that will fulfill our customer needs", he added.

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Related site: http://www.financehouse.ae

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For more information, please contact:
Mrs. Dahlia Naguib
Telephone no.: 026194445

Posted by Anne-Birte Stensgaard, Senior News Editor
Tuesday, January 23 - 2007 at 09:31 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.

This article was updated on Mon Apr 30 2007.

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160 million dirham profit for Finance House PJSC

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