Reem Investments posts AED 152m net profit

DSC_0682 newAbu Dhabi: The Board of Reem Investments PJSC, the Abu Dhabi based Investment Company,
has announced net profit of AED 152 million for the financial year 2013 at its annual general meeting.
Abdul Hamid M. Saeed , Managing Director of Reem Investments, commenting on the Company’s financial performance on behalf of its Chairman, Sheikh Tahnoon Bin Zayed Al Nahyan, said “ Reem Investments continued to adopt prudent measure in response to changing market condition to ensure that the company is well positioned to create long term value for its shareholders”.
The Board of Directors proposed a 10 percent cash dividend distribution based on the capital of AED 777.5 million which has been approved by AGM. The Company continues to remain on strong footing on the balance sheet as reflected in net assets of AED 4.8 billion