Hany Tawfiq,higher executive manager in Naeem Holding said that the company's strategy is limited to two things;making profits that arent less than 75% from its main activity and keeping very low liquid cash to ensure its invested to its fullest.
He said,according to Al-Alam Alyoum newspaper,that last year's profits were between 65 and 70 million dollars that were generated from selling investments,they were unrepeated profits used to contribute in stock companies in The UAE and Saudi Arabia.
He added that his company is also partners with Naeem Saudi Arabia since last january and that Naeeem Holding has already paid the purchase deposit and is in sharing with this year's profits.
He also said that the company is offering the purchase of an 80% majority stake in Unifund Capital In The UAE.
He pointed out the company's agenda has a priority for real estate investments through partaking 10% of Smart Village's capital.
Tawfiq also added plans for the foundation of Naeem Real Estate Funding with a LE billion capital and Naeem fund for real Estate investment with another billion in capital. Both projects are awaiting approval.
