AED 216 Million Net Profit For 2016 - Reem Investments
The Board of Directors of Reem Investments PJSC, among the leading investment companies in Abu Dhabi, held its board conference on Monday, 6 March 2017, administered by the Chairman H.H. Sheikh Tahnoon Bin Zayed Al Nahyan to talk about the audited financials for the year 2016.
The Board of Supervisors authorized the financials, which mirrored a Web Revenue of AED 216 million for the fiscal year 2016, an increase of 2% over 2015.
The Board recommended the AGM to be held on 22 March 2017 and suggested 14% money reward reflecting a boost of 17% over 2015 reward distribution, subject to the approval of the shareholders.
The strong and diversified Internet Assets of AED 5.3 billion, supports the company's development strategies which subsequently will certainly generate perennial returns to the investors.
Reem Developers, the property arm of Reem Investments, has currently begun construction on residential tasks at Najmat Abu Dhabi in Reem Island and Rawdhat Abu Dhabi in Flight terminal Road with a consolidated growth value of over AED 500 million that will certainly improve the future profits and shareholder worth.
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