Apex Investment PSC (APEX)

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News

27 October 2024 00:10 PM Apex Investment’s profits exceed AED 51m in 9M-24

Abu Dhabi – Mubasher: Apex Investment Company turned profitable at AED 51.14 million in the first nine months (9M) of 2024, against net losses valued at AED 12.47 million in 9M-23. Revenues hiked to AED 622.70 million in 9M-24 from AED 525.50 …

Financial Results

15 September 2024 02:09 PM Apex Investment’s unit inks deal to create new JV

Abu Dhabi – Mubasher: Apex Energy Holding Limited, a wholly owned subsidiary of Apex Investment Company, and Enercap SPV Limited have agreed to form a joint venture (JV). The two entities will team up to establish Enercap Energy Holding Limited …

Companies Investments

28 July 2024 03:36 PM Apex Investment turns profitable at AED 23m in H1-24

Abu Dhabi – Mubasher: Apex Investment Company shifted to net profits amounting to AED 23.01 million in the first half (H1) of 2024, compared to net losses worth AED 198.81 million in H1-23. Revenues increased to AED 425.23 million in H1-24 from …

Financial Results

28 April 2024 11:15 AM Apex Investment swings to profits in Q1-24 interim financials

Abu Dhabi – Mubasher: Apex Investment Company turned profitable at AED 4.27 million in the first quarter (Q1) of 2024, against net losses after tax valued at AED 190.18 million in Q1-23. Revenues hiked to AED 195.32 million in Q1-24 from AED …

Financial Results

24 January 2024 10:40 AM Apex Investment suffers AED 58.5m losses in 2023 consolidated results

Abu Dhabi – Mubasher: Apex Investment Company incurred net losses amounting to AED 58.43 million in 2023, compared to net profits valued at AED 187.19 million in 2022. The ADX-listed firm posted revenues totalling AED 723.48 million in …

Financial Results

24 October 2023 09:57 AM Apex Investment shifts to losses in 9M-23; revenues hit AED 525.5m

Abu Dhabi – Mubasher: Apex Investment Company turned to net losses worth AED 12.47 million in the first nine months (9M) of 2023, against net profits worth AED 153.62 million in the year-ago period. The revenues hit AED 525.50 million in 9M-23, …

Financial Results

30 July 2023 01:18 PM Apex Investment turns to nearly AED 199m losses in H1-23

Abu Dhabi – Mubasher: Apex Investment Company swung to net losses amounting to AED 198.81 million in the first half (H1) of 2023, against net profits worth AED 103.69 million in H1-22. The ADX-listed firm posted an annual decline in revenue to AED …

Financial Results

30 April 2023 02:02 PM Apex Investment shifts to losses in Q1-23 unaudited results

Abu Dhabi – Mubasher: Apex Investment Company turned to net losses worth AED 190.18 million in the first quarter (Q1) of 2023, against net profits valued at AED 49.45 million in Q1-22. Revenues hit AED 147.73 million as of 31 March 2023, an annual …

Financial Results

29 January 2023 10:02 AM Apex Investment logs over AED 187m profits in 2022

Abu Dhabi – Mubasher: Apex Investment Company generated AED 187.19 million net profits in 2022, higher than AED 2.98 million in 2021, according to the consolidated income statements. The ADX-listed company, formerly known as Ras Al Khaimah Cement …

Financial Results

25 October 2022 05:54 PM Apex Investment’s profits surpass AED 153.5m in 9M-22

Abu Dhabi – Mubasher: Apex Investment Company, formerly known as Ras Al Khaimah Cement (RAK Cement), achieved net profits worth AED 153.62 million in the first nine months (9M) of 2022, a leap from AED 10.77 million in 9M-21. Revenues amounted to …

Financial Results

22 September 2022 02:49 PM Apex Investment, Hayah Insurance see over AED 5.7bn block trading deals

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) announced a block trading deal of AED 5.74 billion on Apex Investment Company, formerly known as Ras Al Khaimah Cement (RAK Cement). The deal was executed on 1.22 billion of Apex’s …

Companies Investments

27 July 2022 06:39 PM Apex Investment turns profitable at nearly AED104m in H1-22

Abu Dhabi – Mubasher: Apex Investment Company, formerly known as Ras Al Khaimah Cement (RAK Cement), has turned to net profits worth AED 103.69 million in the first half (H1) of 2022, against net losses of AED 7.18 million in H1-21. The sales …

Financial Results

14 June 2021 05:31 PM RAK Cement says no critical news behind rising share price

Mubasher: Ras Al Khaimah Cement Company (RAK Cement) said on Monday that were no events, financial information, or critical news that was not disclosed to the market. In a disclosure addressing the Abu Dhabi Securities Exchange (ADX), RAK Cement …

Trading Activities

17 March 2021 02:57 PM RAK Cement logs lower net losses in 2020

Abu Dhabi – Mubasher: The audited financial results of Ras Al Khaimah Cement (RAK Cement) showed net losses of AED 51.328 million in 2020, compared to AED 55.712 million in 2019. The company's sales decreased by 15.74% to AED 153.076 million in …

Financial Results

21 May 2020 10:42 AM Al Ramz Corporation acquires 32.8m shares in RAK Cement

Dubai – Mubasher: Al Ramz Corporation Investment and Development has purchased 32.817 million shares of Ras Al Khaimah Cement Company (RAK Cement). Hence, Al Ramz Corporation has acquired 6.52% of the company’s shares for the benefits of one of …

Mergers and Acquisitions

11 December 2019 03:44 PM Invest Bank sells 151m shares of RAK Cement

Abu Dhabi – Mubasher: Invest Bank, listed on the Abu Dhabi Securities Exchange (ADX), has sold 150.9 million shares of Ras Al Khaimah Cement Company (RAK Cement) on behalf of A&K International Investment Company.      The sold shares represent …

Company News

20 November 2019 01:15 PM RAK Cement turns to AED 6.4m loss in 9M

Abu Dhabi – Mubasher: Ras Al Khaimah Cement (RAK Cement) has incurred a loss of AED 6.433 million during the first nine months of 2019, against a profit of AED 6.678 million in the same period in 2018. Loss per share recorded AED 0.013 in the …

Financial Results

11 September 2019 01:45 PM RAK Cement cancels acquisition of quarry, cement plant

Abu Dhabi – Mubasher: Ras Al Khaimah Cement (RAK Cement), listed on the Abu Dhabi Securities Exchange (ADX), announced it has cancelled an acquisition of a quarry and a cement plant. The acquisition has been cancelled as the company was not able …

Corporate Actions

6 August 2019 11:21 AM RAK Cement turns to losses in Q2

Abu Dhabi – Mubasher: Ras Al Khaimah Cement (RAK Cement), listed on the Abu Dhabi Securities Exchange (ADX), has reported its condensed interim financial results for the period ended 30 June 2019. The company has turned to losses during the second …

Financial Results

12 May 2019 01:04 PM RAK Cement logs AED 2.2m profit in 3M

Abu Dhabi – Mubasher: Ras Al Khaimah Cement (RAK Cement), listed on the Abu Dhabi Securities Exchange (ADX), has reported a 15.8% year-on-year growth in net profits for the first quarter of 2019. The company has recorded a net profit of AED 2.2 …

Financial Results

24 February 2019 04:51 PM RAK Cement pens AED 450m acquisition

Abu Dhabi – Mubasher: RAK Cement on Sunday announced that it has acquired New-tech Cement Plant and Al Bana quarry from their previous owner, Mohamed Ali Omar Saleh Al Breki. The transaction’s total cost amounted to AED 450 million ($122.54 …

Mergers and Acquisitions

18 February 2019 10:48 AM RAK Cement turns profitable in 2018

Abu Dhabi – Mubasher: Ras Al Khaimah Cement (RAK Cement) revealed that it has turned a profit for the full-year 2018. Net profits recorded AED 21.168 million in 2018, against a loss of AED 21.28 million a year earlier, according to the company’s …

Financial Results

20 August 2018 05:12 PM UAE cement industry to recover; demand to rise - Analysts

By: Mahmoud Gamal Dubai – Mubasher: The UAE construction industry is expected to flourish in the coming period, which could boost cement producers in the GCC country and push up demand. The rise in oil prices will also catalyse cement companies in …

News Analysis

1 March 2018 06:52 PM Invest Bank acquires stake in RAK Cement

Abu Dhabi – Mubasher: Invest Bank on Thursday announced acquiring a stake in Ras Al Khaimah Cement Company (RAK Cement). The acquisition, which involved 155 million shares, was done by the bank on behalf of A & K International Investment LLC, …

Mergers and Acquisitions

5 November 2017 06:34 PM RAK Cement profits fall 22% in 9M

Abu Dhabi – Mubasher: Ras Al Khaimah Cement (RAK) on Sunday reported a 21.2% year-on-year drop in the first nine months period of 2017. Net profit amounted to AED 212,470 ($57,830) in the nine-month period ended September, versus AED 7.8 million …

Financial Results