The financial assessment conducted reflected the achievements including an increase of total assets from Dhs 2,063m to Dhs3,360m marking an increase of 63% over the year 2006 while shareholder rights increased from Dhs1,44 m to hit Dhs2,299m or a 60% increase compared with year-end 2006. The profit per share rose by 10.4% from Dhs1.06 to Dhs1.17 over the same period.
His Excellency Eng Salah Salem bin Omeir Al Shamsi, Chairman and Managing Director of Al Qudra Holding said: "The company has grown geographically over the last 1 2months and we have taken advantage of investment opportunities in Morocco, Algeria, Mauritania, Egypt, Syria, Senegal, Yemen, Eritrea, and many other countries."
Eng Al Shamsi added: "Al Qudra Holding has plans to open in many parts of the world and invest in large projects. We already have ongoing studies investigating potential projects for us to invest in. We have launched more than 30 subsidiary companies so far and we look for projects and joint ventures that will add to our achievements."
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Al Qudra Holding achieves Dhs703m net profit, recommends distribution of 45% cash profits to shareholders
- United Arab Emirates: Saturday, February 16 - 2008 at 15:25
- PRESS RELEASE
Al QUdra Holding, the UAE's leading investment company, announced a net operating profit of Dhs 703 m for the financial year ending 2007; an equivalent to 117% of the capital of Dhs600m.
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About Al Qudra HoldingAl Qudra Holding is the leading private joint stock investment company based in the United Arab Emirates. Established in May 2005 with a capital of Dhs 550 Millions increased subsequently to Dhs 600 Million, the company has focused on contributing to the development of the Emirates and has quickly become one of the fastest growing companies in terms of performance, as well as market capitalization.
Today the company has a large group of specialized subsidiaries that operate under its umbrella in important sectors such as education; tourism; industry; health care; agricultural, energy; infrastructure development; sports management and the entertainment industry. Furthermore, Al Qudra Holding has put forward unique investment opportunities and facilitated the development of various projects that meet the local and regional market needs.
The company is considered the ideal strategic partner for many leading regional companies looking to invest in the United Arab Emirates, and Abu Dhabi in particular. This has been achieved through the trust, expertise and competencies that the company has acquired through the successful foundation of project and investment strategies that have attracted strategic and specialized partners in all fields from across the globe. Al Qudra Holding is currently investing in the development of various projects in Morocco, Yemen, Algeria, and Senegal with future plans to invest in Egypt, and Syria and other international economies.
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Posted by Medilyn Manibo, Assistant News EditorSaturday, February 16 - 2008 at 15:25 UAE local time (GMT+4)
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