Reem Finance records AED 26.5 million in net profit for the financial year 2019
Net operating revenues increased by over 200% year-on-year and total income surpassed AED 78.6 million. Net operating profit before impairment grew to AED 35 million in FY 2019. Cost efficiency improved by 34% and the NPL ratio improved by 27% compared with 2018. Reem Finance, the private joint stock company established in Abu Dhabi in…
