Arab Today, arab today finance house agm approves 20 cash dividend
Last Updated : GMT 06:51:35
Arab Today, arab today
Arab Today, arab today

Finance House AGM approves 20% cash dividend

Arab Today, arab today

Arab Today, arab today Finance House AGM approves 20% cash dividend

Abu Dhabi - Arabstoday

Finance House shareholders approved the payout of a cash dividend of twenty per cent (20 per cent), during the Annual General Meeting (AGM) held at the Emirates Institute for Banking and Financial Studies (EIBFS) in Abu Dhabi. For the year ended Dec.31, 2011, the company recorded a net profit of Dhs63.2 million, arising predominantly from core business activities. Total assets registered a growth of six per cent (6 per cent) to reach Dhs3.31 billion as at Dec.31, 2011, over the figure of Dhs3.12 billion as at Dec.31, 2010. Customer deposits jumped to an all time high of Dhs1.62 billion as at Dec.31, 2011 compared to Dhs1.57 billion as at Dec.31, 2010, mirroring the continued credibility and impeccable reputation of Finance House in the market. In his address to shareholders, Mohammed Alqubaisi, Chairman of Finance House, said: “We take pride in ourselves that we have earned profits for the seventh consecutive year and successfully faced challenging market conditions and significantly tighter regulatory requirements”. Reflecting on the year 2011 with a sense of satisfaction, he said: “Finance House scaled a new height of success in 2011 as the company was adjudged Best Retail Finance Company in the Middle East at the Banker Middle East Industry Awards 2011”. The Chairman said: “The political instability continued to haunt the Mena region in 2011 too, shaking confidence of investors and dampening business sentiments. We hope that the situation will change for better during the present year, restoring faith of investors completely and bringing robust growth in all sectors of business activities”. “The UAE, which remains our key focus market, has shown commendable resilience even during the turbulent period, and this stability in the economy can be attributed to its prudent leadership”, he added. “We, as a responsible and national organisation, are keeping a close watch on all unfolding situations in the Mena region, but at the present time, we do not envisage any material changes to our business strategies or near-term growth objectives”, the Chairman added. Alqubaisi said: “We have entered 2012 with a renewed dynamism as we have launched the most rewarding Titanium Credit Card with the lowest interest rate in the UAE market, poised to change the dynamics of credit market in the country for ever”. “We will continue to innovate and improve our products and services this year too to match growing expectations of our customers”, he added. “Our strong capital base, clear business strategies, well diversified asset book, combined with our capability to exploit various opportunities to our advantage, will take us to a new height of achievement in 2012”, the Chairman concluded. The principal activities of Finance House are commercial and retail financing, financial services and investments. The Company is licensed and regulated by the Central Bank of the UAE.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today finance house agm approves 20 cash dividend Arab Today, arab today finance house agm approves 20 cash dividend

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today finance house agm approves 20 cash dividend Arab Today, arab today finance house agm approves 20 cash dividend

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday