Abu Dhabi - Mubasher: Sawaeed Holding appointed Abdulla Rashed Mohammad Rashed Al Rashdi as the Chairman of the board.
The board members also named Obaid Helal Obaid Mohammed Al Kaabi as the Vice Chairman, according to a bourse disclosure.
In the 12-month period that ended on 31 December 2023, the company turned profitable at AED 6.35 million, against net losses attributable to the owners valued at AED 15.28 million a year earlier.
Basic and diluted earnings per share (EPS) hit 0.12 last year, versus a loss per share of AED 0.29 in 2022.
Revenues jumped year-on-year (YoY) to AED 139.82 million as of 31 December 2023 from AED 122.77 million.
