"Minors Affairs" raises the value of its assets to 2.8 billion dirhams

As part of its commitment to the transparency of its operations and financial operations and its compliance with the standards of governance in accordance with international standards, Awqaf and Minors published its accounts for the year ended December 31, 2017, up 11%
Financial results indicate that the total value of assets of the institution in 2017 increased to AED 2.8 billion, an increase of 7% over the previous year , Assets were formed While the assets of miners experienced the largest increase of 28% over the previous year.
As for the Company's revenues, the year 2017 recorded a total increase of 2%. (AED 33 million) was the highest in terms of annual revenue growth of 19%.
The total investment profits managed by the Company during the year 2017 amounted to about 140 million dirhams, an increase of up to 11% The company has continued to be successful both operationally and financially, "said Ali Al Mutawa, General Secretary of the Foundation. That's what our detailed report of fiscal year 2010 results, which we published as part of our commitment to transparency standards. "
The institutional performance shows that last year the organization achieved an 11% increase in profits.Please follow the news of" minor business "by valuing its assets 2, 8 billion dirhams in Hamrin News and inform you that the content of this news was written by the editors of the Gulf and does not reflect any of Hamreen News, but has been transferred in full, and you can read the news of the main source of the Gulf.