160 Million Dirham Profit for Finance House PJSC and Board of Directors recommended a cash dividend of 50%
22nd January 2007
finance house

Abu Dhabi, January 22, 2007 - Board of Directors of Finance House (pjsc), Abu Dhabi, has reviewed financial results and general performance and announced an increase of 19% in net profit for the year ended 31 December, 2006 over the comparable last year. The Board of Directors has also approved management’s recommendation of 50% cash dividend for final approval by the shareholder in Annual General Meeting to be held on 14 February, 2007 at 6 p.m. in Abu Dhabi Chamber of Commerce and Industry to discuss and approve the Financial Statements and all other agenda items. Commenting on the results, Mohammed Alqubaisi, Chairman of Finance House said: "We are firmly on a growth path and are clearly poised to build on our early successes. Our balance sheet reflects a strong capitalization and affords us a robust platform on which to develop products to meet and exceed the expectations of our highly valued customers.” “We plan to continue introducing innovative products and services progressively and our business strategy is on track to establishing Finance House as a serious contender in the market while developing Art of Finance products that will fulfill our customer needs", he added.

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