Annual report eng.2018

ANNUAL REPORT 2018 04 Last year was a year replete with challenges and difficult choices that we’ve managed to survive through conservative and well-throughout strategies and policies amidst a sea of major changes, which are still besetting the real estate markets we’re operating in. Today, we r e i t e r a t e ou r determination to continue to establish a solid foundation for our future aspirations through a strategic vision aimed at driving and diversifying our investments within new sectors and markets, while developing innovative marketing and operational tools and taking consistent steps forward on the path towards more progress, prosperity and growth. In doing sowe will continue to be armed with transparent, credible and sustainable management and operational standards. Dear brothers and sisters, In light of the rapid and multi- faceted changes surrounding the industry, we renew our keenness to further maximise the company’s revenue from fixed income streams with a view to optimising its performance in the markets in which we’re operating. And Thank to Allah Almighty, we have managed to maintain the growth in the company’s operating revenue, generated from sales in the company’s income-generating projects, and to increase our direct and indirect revenues to sustain the business model of the company, which is based on diversifying our investment portfolio across different geographic regions to generate different types of returns. Eng. Ibrahim Al Soqabi Group CEO Ladies and Gentlemen, Peace, mercy and blessings of God be upon you all.... It is my sincere pleasure to meet with you at this annual meeting to highlight the achievements made by the company in the past year and to present our plans for the upcoming stage. The milestones notched by our company in 2018 would not have been made possible without your continued support and precious trust, which is the backbone of our sustainable efforts and continuous accomplishments.