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Al Qudra Holding profit for 2013 at Dh64.7m

Abu Dhabi: Al Qudra Holding has recorded Dh64.7 million in profit for 2013, with cash dividends to be distributed at 5 per cent of the share capital.

The financial results indicate a promising future for the company that is based on new standards for securing a sustainable financial income, achieved by focusing on vital economic sectors, such as the energy sector, natural resources, health care, education, banks, financing and investments, and project management.

Al Qudra announced the recommencement of all real estate projects that were previously agreed upon, activating the health care sector by signing a partnership agreement with Spanish Hospiten Group to operate a health care centre, in addition signing an memorandum of understanding (MoU) with Toshiba to build a medical centre in Abu Dhabi that will specialise in cancer treatment

During the company’s general assembly meeting held at the Armed Forces Officers Club in Abu Dhabi, current board members were re-elected for a new term. The board comprised of six members will be chaired by Shaikh Hamed Bin Ahmad Al Hamed, with Mohammad Bin Thaloob Al Dere’i serving as Vice-Chairman.