The Board of Reem Investments, one of the investment companies in Abu Dhabi, has announced a net profit of AED 211 m for the financial year 2015.

During its annual general meeting, the company's Board of Directors approved the 12% cash dividend, an increase of 20% over 2014 dividend.

Abdulhamid Saeed, Managing Director of Reem Investments, said, "During 2015 where oil prices and UAE equities were down, the investment portfolio made an effective contribution to the net profit. The company is also in advanced stages in commencing new development projects that will boost its recurring revenue stream."

Source:WAM