The auditors of the ADX-listed Rak Properties have 'qualified' the company's accounts for 2008.
KPMG in its audit report has raised doubts about the current fair value of the company's investments in the equity of Rakeen Development Company (Rakeen) amounting Dh100 million and that in Rak Petroleum amounting to Dh20m.
Apart from these, the audit firm which is one among the Big Four accountancy firms, has made reference to direct investments the company has made through Rakeen in Tanzania and Georgia.
No comments:
Post a Comment