RAK Properties elects new Chairman

The company elected Mohamed Ahmed Ruqait as Vice Chairman

  
Ras al Khaimah emirate cityscape skyline rising over the mangroves and the creek in the United Arab Emirates at sunset.

Ras al Khaimah emirate cityscape skyline rising over the mangroves and the creek in the United Arab Emirates at sunset.

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Abu Dhabi –  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.

Source: Mubasher

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