RAK Ceramics PJSC (RAKCEC)

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News

1 April 05:09 PM Modon collaborates with Elsewedy Industrial Development for Egypt’s Ras El-Hekma

Abu Dhabi – Mubasher: The UAE’s Modon Holding has teamed up with Elsewedy Industrial Development to build and operate a new industrial zone for the Ras El-Hekma city megaproject in Egypt, according to a press release. The two companies signed a …

Companies Investments

13 February 06:27 AM RAK Ceramics posts 27% lower profits in 2024; dividends for H2-24 proposed

Abu Dhabi – Mubasher: RAK Ceramics logged net profits valued at AED 234.08 million in 2024, down 27% year-on-year (YoY) from AED 320.85 million. The revenues stood at AED 3.23 billion as of 31 December 2024, an annual drop of 6.50% from AED 3.45 …

Financial Results

13 November 2024 03:56 PM RAK Ceramics logs AED 170m net profits in 9M-24

Abu Dhabi – Mubasher: RAK Ceramics recorded 29% year-on-year (YoY) lower net profits at AED 169.85 million in the first nine months (9M) of 2024, compared to AED 239.08 million. The revenues stood at AED 2.36 billion in 9M-24, marking an annual …

Financial Results

13 August 2024 00:35 PM RAK Ceramics unveils decline in H1-24 financials; dividends proposed

Abu Dhabi – Mubasher: RAK Ceramics generated AED 113.91 million in net profit during the first half (H1) of 2024, marking an annual drop of 26.60% from AED 155.19 million. The revenues decreased by 11.20% year-on-year (YoY) to AED 1.55 billion in …

Board of Directors

4 June 2024 11:36 AM RAK Ceramics fully acquires RAK Porcelain

Abu Dhabi – Mubasher: RAK Ceramics completed the acquisition of RAK Porcelain, making it a wholly-owned subsidiary, according to a bourse statement. The transaction, which was announced on 3 June, aligns with the ADX-listed company’s commitment to …

Companies Investments

12 May 2024 00:18 PM RAK Ceramics achieves AED 63m net profits in Q1-24

Abu Dhabi – Mubasher: RAK Ceramics logged net profits after tax valued at AED 62.90 million in the first quarter (Q1) of 2024, down 21.50% from AED 80.10 million in Q1-23. The revenues amounted to AED 781.60 million in Q1-24, an annual drop of …

Financial Results

24 April 2024 03:14 PM RAK Ceramics elects Chairman, Vice Chairman

Abu Dhabi – Mubasher: RAK Ceramics elected Saqr bin Saud bin Saqr Al Qasimi as the Chairman of the board. Fawaz Sulaiman Al Rajhi as the Vice Chairman was announced as the Vice Chairman, according to a bourse disclosure. The board members of RAK …

Management Decisions

27 March 2024 03:17 PM RAK Ceramics to pay AED 99.5m dividends for H2-23

Abu Dhabi – Mubasher: The general assembly meeting of RAK Ceramics approved cash dividends amounting to AED 99.37 million, equivalent to 10 fils per share, for the second half (H2) of 2023. The UAE-based company highlighted that the full-year …

General Assembly

11 February 2024 01:59 PM RAK Ceramics sees 6% lower profits in 2023

Abu Dhabi – Mubasher: RAK Ceramics achieved net profits valued at AED 320.85 million in 2023, marking an annual drop of 5.70% from AED 340.10 million. In the 12-month period that ended on 31 December 2023, the revenues declined by 1.70% to AED …

Financial Results

6 November 2023 11:09 AM RAK Ceramics logs AED 220m profits to shareholders in 9M-23

Abu Dhabi – Mubasher: The net profits attributable to the shareholders of RAK Ceramics hit AED 220 million in the first nine months (9M) of 2023, an annual drop from AED 223.86 million. The revenues hit AED 2.59 billion in January-September 2023, …

Financial Results

8 August 2023 04:18 PM RAK Ceramics registers drop in H1-23 profits; revenues up

Abu Dhabi – Mubasher: Ras Al Khaimah Ceramics (RAK Ceramics) generated AED 143.01 million in net profit attributable to the owners during the first half (H1) of 2023, down year-on-year (YoY) from AED 147.77 million. As of 30 June 2023, revenues …

Financial Results

17 May 2023 01:46 PM RAK Ceramics achieves higher profits to owners in Q1-23

Abu Dhabi – Mubasher: Ras Al Khaimah Ceramics (RAK Ceramics) logged net profits attributable to the shareholders valued at AED 73.41 million in the first quarter (Q1) of 2023. The registered net profits were compared with AED 56.58 million in …

Financial Results

9 February 2023 11:43 AM RAK Ceramics’ profits to shareholders exceed AED 302m in 2022

Abu Dhabi - Mubasher: The profits attributable to the owners of Ras Al Khaimah Ceramics (RAK Ceramics) enlarged to AED 302.81 million in 2022, compared to AED 246.47 million in 2021. The total revenues enlarged by 22.90% year-on-year (YoY) to AED …

Financial Results

9 November 2022 04:24 PM RAK Ceramics logs nearly AED 233m profits to equityholders in 9M-22

Abu Dhabi - Mubasher: Ras Al Khaimah Ceramics (RAK Ceramics) recorded a growth in net profit attributable to the shareholders to AED 232.86 million during the first nine months (9M) of 2022, versus AED 201.26 million in 9M-21. RAK Ceramics …

Financial Results

3 August 2022 04:58 PM RAK Ceramics’ profits level down in H1-22; dividends approved

Abu Dhabi – Mubasher: Ras Al Khaimah Ceramics’ (RAK Ceramics) net profits attributable to the owners edged down to AED 147.77 million during the first half (H1) of 2022, compared to AED 148.49 million in H1-21. Revenues jumped by 20.10% …

Financial Results

10 April 2022 11:10 AM Al Ramz appointed as liquidity provider for RAK Ceramics

UAE – Mubasher: Al Ramz Corporation Investment and Development has been appointed as a liquidity provider for Ras Al Khaimah Ceramics (RAK Ceramics). In accordance with regulatory requirements starting 11 April 2022, Al Ramz will trade RAK …

Companies Investments

15 March 2022 10:39 AM RAK Ceramics inks deal to acquire Germany's KLUDI Group

Abu Dhabi – Mubasher: Ras Al Khaimah Ceramics (RAK Ceramics) has signed a share purchase agreement to fully acquire KLUDI Group, a German-based company specialised in manufacturing kitchen and bathroom faucets and showering systems. KLUDI has its …

Mergers and Acquisitions

7 February 2022 10:43 AM RAK Ceramics turns to profitability in 2021; dividends proposed

Abu Dhabi – Mubasher: Ras Al Khaimah Ceramics (RAK Ceramics) has achieved net profits attributable to the owners of AED 246.47 million in 2021, versus net losses of AED 129.72 million in the earlier year, according to the company's consolidated …

Board of Directors

4 August 2021 02:25 PM RAK Ceramics' net profits surge in H1-21; dividends proposed

Abu Dhabi – Mubasher: The net profits attributable to the owners of Ras Al Khaimah Ceramics (RAK Ceramics) hiked to AED 148.491 million during the first half (H1) of 2021, compared to AED 14.104 million in the year-ago period, as shown by the …

Cash Dividends

20 May 2021 10:36 AM Samena Limestone sells 17.55% stake in RAK Ceramics

Abu Dhabi – Mubasher: Samena Limestone Company has sold its entire stake in Ras Al Khaimah Ceramics (RAK Ceramics) to Falcone Investments. Samena Limestone Company owned 174.353 million shares of RAK Ceramics, representing 17.55% of the entire …

Companies Investments

31 March 2021 11:24 AM RAK Ceramics' OGM approves 7.5% dividends for 2020

Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Ras Al Khaimah Ceramics (RAK Ceramics) has approved paying cash dividends, equivalent to 7.5% of the capital, for 2020. The cash dividend distribution stands at 7.5 fils per …

Cash Dividends

11 February 2021 00:05 PM RAK Ceramics incurs AED 130m net losses in 2020

Abu Dhabi – Mubasher: Ras Al Khaimah Ceramics (RAK Ceramics) saw net losses attributable to the owners of AED 129.72 million in 2020, compared to AED 164.378 million net profits in 2019. The company's revenues decreased by 8.7% to AED 2.349 …

Financial Results

4 November 2020 10:03 AM RAK Ceramics reports lower profits in 9M

Abu Dhabi – Mubasher: The consolidated financial results of Ras Al Khaimah Ceramics (RAK Ceramics) showed a AED 47.18 million net profits attributable to the owners in the first nine months of 2020, down from AED 129.29 million in the year-ago …

Financial Results

11 August 2020 00:09 PM RAK Ceramics profits declines to AED 14m in H1-20

Abu Dhabi – Mubasher: Ras Al Khaimah Ceramics (RAK Ceramics) has achieved AED 14.1 million net profits attributable to the owners of the company in the first half (H1) of 2020, down from AED 90.17 million in the same half of the previous year. The …

Financial Results

3 June 2020 09:40 AM RAK Ceramics sees 11% lower profits at AED 26m in Q1-20

Abu Dhabi – Mubasher: The net profits attributable to the owners of Ras Al Khaimah Ceramics (RAK Ceramics) declined by 11.4% to AED 25.96 million during the first quarter (Q1) of 2020 from AED 29.01 million in the same period of 2019. The …

Financial Results