Abu Dhabi-based Finance House Group net profit for 2012 rose 20.4 per cent to Dh72.2 million compared to Dh60 million. Total assets grew to Dh3.72 billion, registering a steady increase of six per cent over Dh3.51 billion as at December 31, 2011. The board has recommended a cash dividend of 20 per cent, subject to regulatory approvals.
Mohammed Abdulla Alqubaisi, Chairman of Finance House, said: “Despite challenging market conditions and a tighter regulatory framework, we are proud to maintain our profitable stance for the eighth successive year since inception. For a genuine private sector enterprise operating in the fiercely competitive UAE financial services sector, this is a creditable achievement indeed”………………………………………..Full Article: Source