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12 May 08:48 AM

RAK Properties PJSC (RAKPROP)

Last update: 11 May 02:55 PM market time.
1.06
-0.02
-1.87%
Open 1.07
Previous Close 1.07
High 1.08
Low 1.05
Stock Statistics
Volume 6,204,110
Turnover 6,574,579.77
All data are 15 minutes late during market session

News

Revenues surged to AED 124.29 million in the January-March period
3 May 2021 10:38 AM RAK Properties reports 433% higher profit in Q1-21
Abu Dhabi – Mubasher: RAK Properties achieved net profits of AED 64.13 million in the first quarter (Q1) of 2021, up by 433% year-on-year (YoY) from AED 12.04 million, the unaudited financial results showed. The real estate developer’s revenues …
Financial Results
The company elected Mohamed Ahmed Ruqait as Vice Chairman
4 April 2021 09:58 AM RAK Properties elects new Chairman
Abu Dhabi – Mubasher: RAK Properties has appointed Abdelaziz Abdulla Al Zaabi as the company's Chairman. The company also elected Mohamed Ahmed Ruqait as Vice Chairman, according to the company's disclosure to the Abu Dhabi Securities Exchange …
Management Decisions
The company has generated revenues of AED 243.5m in 2020
21 February 2021 10:31 AM RAK Properties registers 22% higher profits in 2020
Abu Dhabi – Mubasher: The net profits of RAK Properties jumped by 22% to AED 113.522 million in 2020 from AED 93.137 million in 2019, according to the company's financial results for 2020. The company has generated revenues of AED 243.499 million …
Real estate
The company has generated revenues of AED 177.54m
8 November 2020 09:34 AM RAK Properties records higher profits in 9M
Abu Dhabi – Mubasher: The net profits of RAK Properties increased to AED 40.97 million during the first nine months of 2020 from AED 34.22 million in the year-ago period. The company has generated revenues of AED 177.54 million in the …
Financial Results
The EPS stood at AED 0.013 in H1-20
9 August 2020 09:30 AM RAK Properties's net profits record AED 27m in H1-20
Abu Dhabi – Mubasher: The consolidated interim financial results of RAK Properties registered net profits of AED 26.73 million in the first half (H1) of 2020, compared with AED 16.23 million in the same period of 2019. The company's revenues …
Real estate
EPS stood at AED 0.006 in the first quarter
14 June 2020 10:20 AM RAK Properties sees 243% higher net profits in Q1-20
Abu Dhabi – Mubasher: The net profits of RAK Properties jumped by 243% to AED 12.04 million during the first three months of 2020, compared to AED 3.51 million in the same period of 2019. The company's revenues declined by 22.9% to …
Financial Results
The OGM of RAK Properties has nodded to distribute 4% of dividends
22 March 2020 04:31 PM RAK Properties shareholders approve 4 fils/shr dividends
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of RAK Properties has amended the cash dividends distribution for 2019, the company disclosed to Abu Dhabi Securities Exchange (ADX) on Sunday. Instead of distributing 3% cash dividends as …
Cash Dividends
Revenue surged 90% YoY in 12M
13 February 2020 10:11 PM RAK Properties registers AED 101m profit in 2019
Abu Dhabi – Mubasher: RAK Properties has reported a 33% year-on-year profit decline during the fiscal year 2019. The company’s net profit went down to AED 101 million last year, compared to AED 151 million in 2018, according to a bourse statement …
Real estate
RAK Properties' total sales backlog amounted to AED 122 million
27 October 2019 00:00 PM RAK Properties records AED 33m net profits in 9M-19
Abu Dhabi – Mubasher: RAK Properties reported a profit of AED 17.08 million during the third quarter of 2019, versus losses worth AED 22.828 million in the same quarter last year. Meanwhile, during the first nine months of 2019, the company …
Company News
Revenue stood at AED 78.46 million in H1-19
28 July 2019 11:17 AM RAK Properties logs AED 15.8m profits in H1
Abu Dhabi – Mubasher: RAK Properties, listed on the Abu Dhabi Securities Exchange (ADX), has posted a profit of AED 15.83 million for the first half of 2019, versus AED 28.95 million in H1-18. Revenue stood at AED 78.46 million during the …
Financial Results
Net profits stood at AED 4 million in Q1-19
5 May 2019 10:04 AM RAK Properties reports 84% profit decline in Q1
Abu Dhabi – Mubasher: RAK Properties posted an 84% year-on-year drop in its profits for the first quarter of 2019. Net profits stood at AED 4 million in Q1-19, against AED 24.6 million in Q1-18, the real estate developer said in a statement to the …
Real estate
The project features a wide range of two- and three-bedroom townhouses
21 April 2019 10:22 AM RAK Properties awards AED 500m contract for Al Ali Construction
Abu Dhabi – Mubasher: Ras Al Khaimah Properties (RAK Properties) has awarded an AED 500 million contract for the construction, infrastructure and landscape work of Marbella Villas Project to Al Ali Construction & Development. Located in the …
Real estate
Net profits recorded AED 150.52 million ($40.99 million) in 2018
17 February 2019 01:28 PM RAK Properties’ profits fall 22% in 2018
Abu Dhabi – Mubasher: RAK Properties on Sunday posted a 22% year-on-year drop in its profits for the full-year 2018. Net profits amounted AED 150.52 million ($40.99 million) in 2018, compared to AED 191.81 million ($52.23 million) in 2017, the …
Real estate
9 December 2018 10:13 AM RAK Properties completes Gateway Residence’s construction
About 50% of the 144 residential apartments are sold
Global Markets brief
RAK Properties incurs AED 22.8m losses in Q3
28 October 2018 10:57 AM RAK Properties incurs AED 22.8m losses in Q3
Abu Dhabi – Mubasher: RAK Properties on Sunday said it suffered losses of AED 22.8 million ($6.21 million) in the third quarter of 2018 against AED 13.1 million ($3.57 million) in profits in the same period of 2017. As for the nine-month period …
Financial Results
The real estate market in the UAE will need time to regain its balance
7 October 2018 05:14 PM Real estate stocks in UAE bourses fall despite Cityscape Global event
By: Enas Bahgat Mubasher: The real estate stocks listed on both the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) decreased in line with the launch of Cityscape Global 2018, the international property exhibition. This …
Event
The projects are forecast to attract a large number of tourists
3 September 2018 00:18 PM RAK Properties eyes boosting footprint in Hayat Island
Abu Dhabi – Mubasher: The UAE-based RAK Properties is looking to expand in Hayat Island by establishing recreational facilities. The property developer will implement these projects by collaborating with a British company specialising in real …
Real estate
RAK Properties logs AED 29m profit in H1
5 August 2018 09:10 AM RAK Properties logs AED 29m profit in H1
Abu Dhabi – Mubasher: RAK Properties on Sunday reported an AED 29 million in net profit during the first half of 2018, compared to AED 62 million in the same period a year earlier. The UAE-based developer’s generated AED 75.43 million in revenues …
Financial Results
RAK Properties’ revenue dropped 49% from January to March
13 May 2018 01:46 PM RAK Properties net profit tumbles 38% in Q1
Abu Dhabi – Mubasher: RAK Properties has reported a 38% decline in net profit during the first quarter of 2018. The UAE-based developer’s net profit retreated to AED 24.6 million in Q1-18 versus AED 40 million in the year-ago period, according to …
Financial Results
Egyptian mogul Samih Sawiris joins UAE RAK Properties executive committee
22 April 2018 02:14 PM Egyptian mogul joins UAE's RAK Properties' executive committee
Abu Dhabi – Mubasher: The board of RAK Properties, listed on the Abu Dhabi Securities Market (ADX), has decided to hire the Egyptian businessman Samih Onsi Sawiris as a member of the company’s executive committee. This came after Sawiris has been …
Management Decisions
Anantara Mina Al Arab Hotel comprises 300 guest rooms
19 March 2018 06:12 PM RAK Properties to launch new properties in 2018; open others in 2020 - Al Qadi
By: Amr Fouad Abu Dhabi – Mubasher: RAK Properties currently has two underway international hotels, namely Anantara Mina Al Arab and Intercontinental Mina Al Arab, which are expected to be completed by 2020, the company's managing director has …
Companies Investments
The developer posted an 11.25% decrease in net profit in Q4-17
19 March 2018 11:21 AM RAK Properties’ board names new chairman
Abu Dhabi – Mubasher: The board of RAK Properties has elected Mohammad Hassan Omran as its new chairman, according to a bourse statement released on Monday. The board also has elected the Egyptian businessman Samih Sawiris as a board member, the …
Management Decisions
The board proposed a 5% dividends
18 March 2018 03:47 PM RAK Properties shareholders hike dividends to AED 120m
Abu Dhabi – Mubasher: RAK Properties’ ordinary general meeting (OGM) increased the proposed dividends to AED 120 million, which account for 6% of the company’s capital, according to a company statement released on Sunday. The developer’s board …
Cash Dividends
Photo Archive
17 March 2018 08:12 PM Samih Sawiris joins RAK Properties’ BOD
Abu Dhabi - Mubasher: RAK Properties’ board of directors has unanimously elected Egyptian businessman Samih Sawiris as a new member. The board of directors is set to reform its committees and carry out other managerial and supervisory routines, …
Board of Directors
The board appointed Samuel Dean Sidiqi as the new CEO
11 March 2018 01:38 PM RAK Properties appoints Sidiqi as CEO
Abu Dhabi – Mubasher: RAK Properties reported that its board of directors approved the resignation of Mohamed Sultan Mohamed Alqadi as CEO. The board appointed Samuel Dean Sidiqi as the new CEO, effective from 6 May 2018, according to RAK’s …
Corporate Actions