Local Business

Reem posts Dh245 million net profit for 2014

Filed on March 19, 2015

The Board of Reem Investments has announced an increase of 61 per cent in its 2014 net profit.

The company posted Dh245 million profit for the financial year 2014 at its Annual General Meeting, or AGM.

Abdulhamid Saeed, managing director of Reem Investments said, on behalf of Shaikh Tahnoon bin Zayed Al Nahyan, chairman of the Company: “In a volatile year where the falling oil prices had impacted the stock markets negatively, the investment portfolio made a notable contribution to the net profit alongside the increase in sale of land.”

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