Press Releases

Finance House will build more values for its shareholders because of financial market growth and increasing interest rates. Abu Dhabi, July 12, 2006- Finance House (pjsc), Abu Dhabi, announced net profits of AED 205.7 million for the 1st Half from 01 January 2006 to 30 June 2006. Commenting on the results, Mohammed Alqubaisi, Chairman of Finance House said: "We understand market dynamics with its attributes where we were able to put agile strategies to achieve excellent results for our shareholders. In line with this Finance House continues to achieve excellent results with 74 % growth in net profit over the last comparable half year. We have strong asset base and are introducing further innovative products and services on regular basis. Our business strategy is clearly on track towards attaining sustainable accredited exposure and market share while achieving strong results for our shareholders." He emphasis that Finance House will build more values for its shareholders because of financial market growth and increasing interest rates.