Finance House posts profit

Abu Dhabi Exchange-listed Finance House has posted a net profit of Dh62.13 million ($16.91 million) for the first half of the current year, compared to Dh63.25 million ($17.21 million) for the same period last year, according to a press release posted on the Abu Dhabi Exchange website.

Finance House’s Board of Directors has also approved the opening up of its shareholding to foreign ownership, to the extent of 20 per cent of the company’s paid up equity share capital, the statement said.