Main services:
• Repairs & Maintenance
• Renovation
• G+1 Construction
• Concrete cutting
• Structure Strengthening
• Protective Coating
Current Major clients:
Al Shirawi Contracting, Central Bank of UAE, Culligan Water, Dubai Municipality, Robertz Pizza Roti and Al Avon Contracting
Company Asset: Labour Camp at Muhaisinah (total area 10,000 sq ft with built up area of 5,237 sq ft).
As per last valuation done, the assume value of the camp with permission to build 2 more floors (approx. 180 people) was AED 5.50 million
Revenue and Profit:
• 2019 – Revenue of AED 3,300,000 with net profit of AED 198,240
• 2018 – Revenue of AED 3,250,000 with net profit of AED 183,000
Complete audited financials can be provided to serious buyers only
Note:
• The current management will be responsible for the collections from its clients for the ongoing and finished contracts as well as liabilities to the suppliers
• The company does not have any bank liabilities or bad debts
• As per the new law from June 1, 2021, the expat partner/partners can now own
100% equity without a local partner
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