Market: Abu Dhabi
Symbol: RAKPROP
ISIN: AER000601016
Industry: Real Estate

RAK Properties is one of the leading property development and tourism infrastructure firms in the UAE.

With proven excellence in a wide range of projects including mixed-use community developments, strategically placed retail shops, health spas and hotels, RAK Properties Public Joint Stock Company (PJSC) plays a central role in shaping the lifestyle of residents of the United Arab Emirates.

Founded in 2005 from the vision of His Highness Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, RAK Properties delivers high-quality and professionally managed projects that provides its customers with the highest level of service, while maximizing the value of their investments.

RAK Properties has sound capital of AED 3 Billion. The Initial Public Offering (IPO) of RAK Properties in early 2005 was over subscribed by almost 57 times. In its mission to lead the development of real estate and tourism infrastructure in Ras Al Khaimah. RAK Properties aims to attract foreign investors of repute to launch state of the art projects, including luxurious hotels, resorts and malls. In doing so, RAK Properties serves as a catalyst for a dynamic property market in both Ras Al Khaimah and the wider United Arab Emirates.

Uniquely, all of our key developments are closely linked to nature providing an excellent location for outdoor activities. We build communities with a sustainable approach to create healthy and energy efficient environments where future generations can live in harmony with nature.

At RAK Properties we highly value the trust of our investors hence we take pride in delivering in a timely and professional manner.

Key figures (AED'000) 2021 2022 2023
Income statement
Revenue 515,624 408,219 1,004,891
Gross profit 194,932 140,505 346,400
Profit for the year 201,473 30,789 201,817
Balance sheet
Total equity 4,107,410 4,122,169 4,304,355
Total liabilities 2,106,908 2,192,900 2,154,555
Total assets 6,214,318 6,315,069 6,458,910
Cash flow statement
Net cash generated from operating activities 41,878 255,913 436,901
Net cash (used in)/generated from investing activities (262,564) (194,615) (229,362)
Net cash used in financing activities 163,553 14,522 (104,395)
Finacial ratios
Basis earnings per share (AED) 0.10

0.015

0.101

Dividend per share (AED fils) 0 0 0.03
Number of shares (in '000) 2,000,000 2,000,000 2,000,000