Abu Dhabi – Mubasher: Al Qudra Holding reported a growth in total assets during 2017, recording AED 4.6 billion, while its consolidated profit for the same year hit AED 212.4 million.  

Al Qudra’s total return equity to the contributors rose to AED 2.3 billion in the last fiscal year versus AED 1.2 billion in 2016, according to a bourse statement.

“Our company is committed to remaining a leading and preferred investment partner internationally as it continues to steadily and confidently work towards objectives,” Al Qudra Holding’s chairman Mohamed Bin Thaaloob Al Derei stated.

The listing of the company’s shares on the second market of the Abu Dhabi Securities Exchange (ADX), along with the acquisition of Al Rayan Investment Compan, boosted its financial position.

The UAE-based company’s book value per share went up to AED 2.86, Al Qudra revealed.

“The company is constantly working on its effective strategies and is looking forward to new investments that will expand its investment portfolio to benefit its shareholders,” vice chairman of Al Qudra Holding Khalifa Yousef Khouri said.

Al Qudra Holding’s ordinary general meeting (OGM) nodded to the distribution of AED 72.8 million in cash dividends for 2017.