With profit of 43 million dirhams last year, Aafaq Islamic finance holds 2017 AGM
13 Apr ,2018
Aafaq Islamic Finance held its 2017 shareholders’ Annual General Meeting (AGM) on 11th April 2018 in the presence of the Board of Directors’ members and representatives from the Ministry of Economy, Shari'a Supervisory Board and external auditors. The financial statements of the company were reviewed and the items that were announced earlier on the agenda of the association were voted on.
Mr. Mattar Al Ameri, second Deputy Chairman of the Board of Directors, chaired the meeting and announced the Company's net profit of AED 43 million for 2017, net asset growth of 26% and significant achievements on several perspectives. A three-year renewal of the Board of Directors' membership was also voted on, together with other items in line with the Company's expansion strategy.
Backed by an eminent and respected group of shareholders, aafaq Islamic Finance was established in 2006 to provide innovative Islamic financial services and products across the UAE and maintains its headquarters in Dubai.
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