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 statement to the Abu Dhabi Securities Exchange (ADX).

By the end of 2017, the ADX-listed company’s profits levelled up 9.7% to AED 191.82million during 2017, from AED 174.81 million in 2016.