The shares of Union Real Estate Company jumped during trading today, Monday, after an hour of trading, to reach an increase of 14 percent.
And by 11:12 am UAE time, the share of Union Properties rose by 14.03 percent, to a price of 0.325 dirhams.
And a trading volume of about 177.643 million shares, at a value of 54.890 million dirhams.
It is noteworthy that the company's board of directors agreed, during its meeting on June 6, to re-appoint Amer Khan as managing director of the company.
It is noteworthy that Union Properties turned profitable during the first quarter of 2023, compared to the first quarter of 2022.
The company recorded a net profit of 12.3 million dirhams in the first quarter of 2023, compared to a net loss of 12.5 million dirhams during the first quarter of last year.
