RAK Properties

RAK Properties, a leading property developer in Ras Al Khaimah, UAE, has expanded its partnership with Minor Hotels to introduce Anantara Branded Residences on Mina al Arab. The agreement was signed during the Future Hospitality Summit, aligning with RAK Properties' strategy to integrate international hospitality brands and enhance Ras Al Khaimah's appeal for luxury living and tourism. The development will feature 94 residential apartments and 20 overwater villas, designed by JT&P. This project aims to offer high-end living with amenities like private infinity pools and direct shoreline access. Both companies emphasize their commitment to sustainable and luxury developments, reinforcing Mina Al Arab as a premier global destination. Their initial collaboration resulted in the award-winning Anantara Mina Al Arab Ras Al Khaimah Resort, which has achieved LEED Gold certification for its eco-friendly practices.

RAK Properties, a leading property developer in Ras Al Khaimah, UAE, announced its participation in Ru’ya Careers UAE 2024, a career fair dedicated to Emirati nationals. The event, held from September 24 to 26, serves as a platform for RAK Properties to engage with Emirati professionals interested in the real estate sector. At the fair, the company will offer insights into career opportunities, its developments, and its commitment to nurturing local talent. RAK Properties is actively recruiting for various roles and emphasizes its Emiratisation initiatives, including the Intelaq and Masaar programs, which aim to develop Emirati employees and graduates. Last year, Emiratis made up 19% of the company's workforce, with 83% of them being female. CEO Sameh Muhtadi highlighted the company's focus on developing national talent and its efforts to attract new professionals. The RAK Properties booth will be located in Zabeel Hall 6, showcasing its projects and offering interaction with company leaders.

RAK Properties and Anantara Mina Al Arab Ras Al Khaimah Resort celebrated Emirati Women’s Day on August 24, 2024, with an event honoring the achievements and dedication of Emirati women in various sectors such as entrepreneurship, engineering, and aviation. The event featured panel discussions where influential Emirati women shared their stories and insights on balancing professional ambitions with cultural values and the evolving role of women in fields like real estate, arts, and sports. Notable speakers included Moza Mohammed Majid Salem Al Zaabi, Mona Sulaiman Tajarbi, Shaima Ahli, and Alya Bin Meshar Almheiri. Both RAK Properties' CEO, Sameh Muhtadi, and Anantara Mina Al Arab Ras Al Khaimah Resort's General Manager, Ramsey Saarany, emphasized their commitment to empowering Emirati women and fostering an environment of diversity and inclusion. The event is part of RAK Properties' ongoing efforts to support and celebrate women's empowerment in the workplace and community.

Anantara Mina Al Arab Ras Al Khaimah Resort, developed by RAK Properties, has received LEED Gold certification for 2024, highlighting its commitment to sustainable luxury hospitality. Located on a private peninsula with natural mangroves, the resort was designed to minimize environmental impact through sustainable practices and eco-friendly materials. The resort features sustainable design, energy-efficient technologies, water conservation efforts, and thoughtful material selection, all of which contribute to reducing its ecological footprint while maintaining a luxurious experience for guests. This achievement aligns with Anantara's vision for sustainability and environmental preservation.

The Board of Directors of RAK Properties held a meeting on August 7, 2024, at 1:00 PM at Anantara Hotels. During the meeting, the Board approved the interim condensed consolidated financial statement for the six-month period ending on July 30, 2024.

Resolution No. (454) of 2024 temporarily suspends trading of RAK Properties shares on the Abu Dhabi Securities Exchange (ADX). The suspension will begin at 13:00 on August 7, 2024, coinciding with the RAK Properties Board of Directors meeting. Trading will resume once ADX receives the meeting results. The resolution mandates all ADX department heads to implement this decision and requires it to be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on August 5, 2024.