UAE, July 16, 2014 – RAK Properties PJSC, Ras Al Khaimah’s (RAK) biggest property developer listed on the Abu Dhabi Stock Exchange, hosted a special Iftar dinner for its employees at the Waldorf Astoria in the emirate. Present during the evening’s affair were the company’s top officials and key management headed by Mohammed Sultan Al Qadi, Managing Director and CEO. The gathering, which was part of the company’s celebration of the Holy Month of Ramadan, saw the attendance of over 80 RAK Properties employees—coming together to celebrate the blessed season.At the dinner, Mohammed Sultan Al Qadi welcomed everyone present and expressed his thanks to the employees for their commitment and dedication to the company while also sharing the significance of sharing during Ramadan.
Mohammed Sultan Al Qadi, Managing Director and CEO, RAK Properties, said, “We are thankful for all that has been happening to the company—experiencing steady growth and an increased demand for our property offerings. Tonight’s celebration is our way of saying thank you to all of our employees and the significant contributions that they have made in line with RAK Properties’ continued development. We are happy to spend the Holy Month of Ramadan together, like a family whose ties are strongly bonded together.”
RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company established to implement the emirate’s plans to promote real estate, tourism and leisure facilities in RAK and invest in interesting projects. It is intended that its activities will encourage economic growth in the UAE in general and Ras Al Khaimah in particular. The company launched its first project, Julfar Towers – a 45-storied twin office and residential project at a cost of AED 500 million – in February 2006 followed by Mina Al Arab – spread over 43 million sq. feet at a cost of AED 10 Billion – in May 2006. It also launched RAK Tower in Abu Dhabi at Cityscape Dubai.