Energie

    Reem Investments is a dynamic investment company based in Abu Dhabi with strategic interests in the UAE , the Gulf Cooperative Council (GCC) region and the world . Backed by over 40 prominent UAE Based institution and private investors, we are well established to develop, execute and manage investment strategies to expand our core business. We aim to create values and ensure strong financial returns by sourcing for the most attractive investments opportunities in emerging markets. Reem Investments is guided by a distinguished Board of Directors and by an experienced Management Team with diverse business backgrounds and strong sense of commitment.

Dear ShareholdersOn behalf of the Board of Directors of Reem Investments, I am pleased to present the Annual Report and audited statements for the year ended 31st December 2014.

During the first half of 2014, global economy staged an impressive performance and posted positive returns at all levels. The second half of the year witnessed sharp decline in energy and commodity prices which was reflected in the local equities and bond markets and also in the real estate sector in UAE, which witnessed prices softening in certain areas.

In a volatile year, where mainly oil prices were down nearly 50% and had impacted the equity markets negatively due to strong correlation, investment portfolio has made a notable contribution to the Net Profit.

The company capitalized on the opportunities as is reflected in the increase in the sales of land in 2014 relative to 2013. Significant efforts have also gone into the planning and design of new development projects.

The company further reduced its general and administrative expenses by 20% compared to 2013 whilst maximizing operational efficiencies.

As a result, I am pleased to announce a profit of AED 245 million for the financial year ended 31 December 2014 up 61% from 2013, representing an EPS of AED 3.16. As at 31st December 2014, the book value stood at AED 66.5 per share, reflecting a 7% increase over 2013.

In light of company’s financial performance and our endeavor to maximize shareholder’s value, the Board of Directors’ is proposing a 10% cash dividend distribution to the shareholders based on the capital of AED 777.5 million.

The Company continues to remain on a strong footing on the Balance Sheet, as is reflected in the Net Assets of AED

5.1 billion comprising of land bank in prominent locations in UAE and a diversified portfolio of investments.I would like to express my sincere gratitude to H.H. Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, for his ongoing support and leadership. My sincere appreciation is also due to H.H. Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President, Prime Minister of the UAE and the Ruler of Dubai and H.H. Sheikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for their guidance and encouragement.

Please allow me also to convey my deepest appreciation to our shareholders for their continued confidence in us. I am also grateful to the Board of Directors for their invaluable inputs and pivotal role they have played in steering the Company towards continued growth in a challenging year. I would also like to commend the Management and the staff for their dedication and commitment.