Abu Dhabi – Mubasher: RAK Ceramics elected Saqr bin Saud bin Saqr Al Qasimi as the Chairman of the board.

Fawaz Sulaiman Al Rajhi as the Vice Chairman was announced as the Vice Chairman, according to a bourse disclosure.

The board members of RAK Ceramics greenlighted the elections during their meeting that was held on 23 April 2024.

In 2023, the ADX-listed firm generated 5.70% lower net profits at AED 320.85 million, compared to AED 340.10 million in the January-December 2022 period.

Revenues dropped by 1.70% to AED 3.45 billion last year from AED 3.51 billion in 2022, while the basic and diluted earnings per share (EPS) edged down to AED 0.29 from AED 0.30.