Media ININ Economy We Trust
Abu Dhabi\media in 24-04-2019
Al Qudra Holding Company posted a net profit of AED 221 million for the year 2018.
The company’s share of the net profit reached AED 203 million, while the company’s revenues amounted to 589 million last year compared to 501 million dirhams for the year 2017 growth of 18%.
On the occasion of the company’s annual general assembly meeting for 2018, Mohammed Bin Thaloub Al Derai, Chairman of the Company, affirmed that Al Qudra Holding is moving steadily and confidently towards achieving further development and development of the Emirate of Abu Dhabi in particular and the UAE in general. It continues its efforts to increase revenues and diversify their sources to ensure sustainable income by focusing on different vital economic areas.
H.E. Khalifa Yousuf Khoury, Vice Chairman of Al Qudra Holding Company, attributed the improvement in net profit to the company’s policy of controlling administrative expenses, improving the efficiency of the work and expanding its revenue base within its policy to ensure diversified sources of sustainable income, resulting in a net profit of AED 221 million .
The Board of Directors of Al Qudra Holding Company announced on this occasion that the company has achieved great achievements and remarkable during the past year at all levels.
During the meeting, the Board of Directors’ annual report on the company’s activities for the fiscal year ending 31st December 2018 was presented and the achievements realized.
The Board reviewed the achievements realised by Al Qudra Holding Company last year. The most important of these was the start of the project of a tourist destination, the “People’s Market Project” estimated at one billion dirhams.
The completion rate reached 25% and is due to be completed by the end of 2020. And the delivery of the Moon Flower complex in December 2018, a residential city covering an area of 205 thousand and 225 square meters and the total building area is 352 thousand square meters and can accommodate 10 thousand employees
