The General Assembly of Ras Al Khaimah Real Estate Company agreed to raise the proposal to distribute cash dividends to shareholders from 3% to 4% of the company's capital to shareholders for the year 2019. < / p>
According to Al Khaleej newspaper, the auditors' report for the fiscal year ending on December 31, 2019 was approved, and the general assembly approved the general budget and the company's profit and loss accounts for the same period.
The General Assembly approved the decision of the Board of Directors to appoint Dr. Mustafa Al-Sheryani is a ninth board member in the vacant seat, and has agreed to contracts with related parties.
The Association approved the release of the members of the Board of Directors and the auditors from liability for the fiscal year ending on December 31, 2019, and appointed the company's auditors for the new fiscal year and determined their fees.
Ras Al Khaimah Real Estate recorded a net profit of 101 million dirhams in 2019, while revenue was approximately 192 million dirhams.
