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 (ADX) on Sunday.

It is noteworthy to mention that in 2020, the company's net profits jumped by 22% to AED 113.522 million from AED 93.137 million in 2019.