Union Properties PJSC: A Strong Contender in the UAE Real Estate Market

An in-depth look at Union Properties PJSC's recent Board of Directors meeting, their 2023 financial performance, and future prospects.

Union Properties PJSC: A Strong Contender in the UAE Real Estate Market

Summary

Union Properties PJSC, a leading UAE-based real estate developer, showed promising performance in 2023, as reflected in their audited consolidated financial statement. The company's future looks optimistic, making it a potential investment opportunity.

Union Properties PJSC, a leading real estate company in the United Arab Emirates, recently conducted their first Board of Directors meeting for 2024, where they ratified previous resolutions and approved the audited consolidated financial statement for the year ending December 31, 2023. The Board also approved the Company's Annual Integrated report for 2023, which includes the Governance and Sustainability reports.

With a market capitalization of 1,261,124,799, the company has shown steady yields over the past few months, with a 3-month yield of 0.25% and a 1-month yield of 0.28%. These figures indicate a robust financial performance, underlining the company's potential for growth and stability in the future.

Union Properties PJSC's principal activities include property investment and development, property management and maintenance, and acting as the holding company of its subsidiaries. All of its significant business and investment activities are carried out within the UAE, thus minimizing the risk of foreign currency exposure.

This strategic focus on local operations, combined with the company's strong financial performance, makes Union Properties PJSC an attractive potential investment. The company's commitment to governance and sustainability, as outlined in their 2023 Annual Integrated report, further strengthens its position as a responsible and forward-thinking enterprise.

Given these factors, it is suggested that potential investors consider Union Properties PJSC as a viable addition to their portfolio. The company's strong financial performance, coupled with its strategic focus on local operations and commitment to sustainability, present a promising outlook for the future.

Source

Results of BOD meeting

Summary

The Board of Directors of Union Properties PJSC held their first meeting for 2024 on March 12th. They approved the minutes of the previous meeting and ratified the previous resolutions made by circulation. The Board also approved the audited consolidated financial statement for the year ending December 31, 2023, and the Company’s Annual Integrated report for 2023, which includes the Governance and Sustainability reports. They also approved to call for the Annual General Assembly Meeting of the Company and to set its agenda in coordination with the Securities and Commodities Authority. Other matters were also discussed. The letter was signed by Fadi Saba, the Board Secretary of Union Properties PJSC.

Related articles