The AGM agenda will include approval of the annual financial report for the year 2007, the auditors report for the same year and approval of the balance sheet and profit and loss statement for the fiscal year ended as on December 31, 2007.
The agenda will also include seeking approval of the board of directors' proposal concerning the distribution of dividends for the financial year ended 31 December 2007 at 7.5%.
Other items on the agenda included appointment of auditors for 2008 and determine their remuneration.
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RAK Properties to hold AGM
- United Arab Emirates: Wednesday, March 19 - 2008 at 16:35
- PRESS RELEASE
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RAK Properties PJSC, the most prominent real estate company in Ras Al Khaimah will hold its Annual General Meeting (AGM) March 20, 2008 at 5 pm at the Hilton Ras Al Khaimah Hotel.
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Posted by Eman HassanWednesday, March 19 - 2008 at 16:35 UAE local time (GMT+4)
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This article was updated on Sun Mar 23 2008.
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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 is 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. In February 2006, the company launched its first project, Julfar Towers, a 43-storey twin office and residential project at a cost of Dhs500m. This was followed by the launch of the Dhs10bn Mina Al Arab, spread over 30 million sq. feet, in May 2006. RAK Properties launched its Dhs300m RAK Towers in Abu Dhabi, in October 2007.
For further information, please contact:
Nizar Saab
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
For further information, please contact:
Nizar Saab
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
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