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Distribution of 12% of dividends at Annual General Meeting
Abu Dhabi, UAE, 4 April 2016: The Board of Reem Investments PJSC, one of the leading investment companies in Abu Dhabi, has announced at its Annual General Meeting on Sunday, 3 April 2016, a Net Profit of AED 211 million for the financial year 2015.
Mr. Abdulhamid Saeed, Managing Director of Reem Investments said: “During 2015, where oil prices and UAE equities were down, the investment portfolio made an effective contribution to the Net Profit. The Company is also in advanced stages in commencing new development projects that will boost its recurring revenue stream.”
The Annual General Meeting approved the 12% cash dividend, an increase of 20% over 2014 dividend, which was recommended by the Board of Directors.
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