Eshraq Properties swings to profit in 2017

16/02/2018 06:07 AST

Eshraq Properties reported a net profit of Dh32.2 million last year compared to a net loss of Dh301 million in 2016.

The company which is involved in the development of various projects in Abu Dhabi and Dubai said that it started the construction of Marina Rise, a 233-apartment project on Reem Island, which is expected to be delivered by the end of 2019. It also finalised the design of its Jumeirah Rise project in Dubai and will award the construction contract in the second quarter of 2018.

Eshraq also made substantial progress in its negotiations with Reem Investments for the acquisition, which is likely to be completed in the second quarter of the year, according to a statement by the company on Thursday.


Gulf News

News

Abu Dhabi's Eshraq Investments to take legal action over Goldilocks stake

07/11/2025

Eshraq Investments PJSC said its board has approved criminal and arbitration proceedings linked to its 2022 acquisition of shares in Goldilocks Investment Company Limited, after determining that some

Gulfnews

Eshraq Properties to acquire Reem by year-end

17/09/2017

The deal for Abu Dhabi-based Eshraq Properties to acquire Reem Investment is expected to be finalised in the next three months and will more than double Eshraq's market capitalisation when complete.<

Gulfnews

Abu Dhabi developers Eshraq Properties and Reem Investments in advance

31/08/2017

Abu Dhabi developers Eshraq Properties and Reem Investments on Wednesday said they were in advanced stages of merger talks to create the second-largest listed developer in the emirate.

The d

Arab News

Most Viewed Companies

Ticker Price Volume

Valuation

ESHRAQ Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
EMAAR 13.65 0.10 (0.73%)
ALDAR 8.66 0.36 (4.33%)
EMAARDEV 14.90 0.15 (1.01%)
ERES 1.12 0.01 (0.90%)
MABANEE 1,050.00 -6.00 (-0.57%)

Recent News

Tahweel in deal with Tasnee to acquire Saudi industrial group for $186m

04/03/2026

Saudi Holding Company for Conversion Industries (Tahweel Holding) has entered into a deal with leading petrochemical group Tasnee to acquire 100% of the share capital of its entity - Al Rowad Industr

Trade Arabia

Acwa, GS Inma in race for Bahrain's Hidd Independent Water Project

04/03/2026

Bahrain's Electricity and Water Authority (EWA) has announced that it has received bids from leading utility developers - Saudi group Acwa (formerly Acwa Power) and Spanish major GS Inima Environment

Trade Arabia

Air Arabia extends scheduled flight suspensions to Wednesday

04/03/2026

Sharjah-based Air Arabia on Tuesday extended its scheduled flight suspension to and from the UAE until 3pm UAE time on Wednesday, March 4, 2026.

The budget carrier added that flights to Leba

Khaleej Times

Emaar says malls, hotels, development projects 'operating normally'

04/03/2026

Emaar Properties on Wednesday said all of its malls, hospitality assets, and development projects were "operating normally" as its sales more than doubled year-on-year in the first two months of 2026

Khaleej Times

OQEP profits reach OMR941 million in 2025

03/03/2026

OQ Exploration and Production (OQEP) on Monday announced its audited financial results for the financial year to 31 December 2025 and an update to its strategy. The financial highlights indicate that

Times of Oman

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap