The shares of the Ishraq Investment Company listed in the Abu Dhabi Securities Market increased by 2.11% during the Abu Dhabi Securities Market trading today, Tuesday, to circulate at the price of 0.39 dirhams per share, to its highest level in 13 months.
The trading on the share of the Eshraq to invest at that time came at 82.77 million shares with a value of trading 32.31 million dirhams.
The highest price for the share at that time was at 0.40 dirhams per share during the session, while the lowest price for the share was at 0.38 dirhams per share.
The stock touched the highest price in a year, one month and 9 days.
Ishraq Investment Company, previously known as “Ishraq Real Estate Company”, is a public joint stock company based in the United Arab Emirates, listed in the Abu Dhabi Securities Market since 2011.
The company was established in 2006, and its activities focus on real estate development and the launch of residential, commercial and tourism projects in the United Arab Emirates and the Gulf Cooperation Council countries.
The company’s future strategy focuses on direct investment in private stocks, while searching for high -value growth opportunities in sectors such as food, health care, logistics, technology, and artificial intelligence.
The company also seeks to expand in the Gulf Cooperation Council countries, especially in the UAE and Saudi Arabia.
In addition, Ishraq announced its updated institutional strategy that aims to enhance its direct capabilities and investments in private stocks, transfer the assets of its old portfolio, and implement the acquisitions in early 2024.
Financially, the company witnessed fluctuations in its quarterly profits, for example, in the third quarter of 2024, where commercial real estate operations achieved revenues of 4.0 million dirhams, with residential apartments in Marina Rayes, Abu Dhabi, highly 97%.
In general, Ishraq Investment Company seeks to achieve sustainable growth and provide long -term value to shareholders and customers, with a focus on expanding the vital economic sectors within the region.
