Page 14 of Corporate Profile by R.A.K. CERAMICS

trend setters our reference banking relationships include over 20 major multinational local banks in uae and with all types of corporate banking facilities including term trade finance facilities working capital facilities derivatives treasury products online banking etc our strong track record of growth coupled with policies to maximize shareholder value has resulted in strong financial position figures in million aed key financial indicators financial position assets share holder funds current assets current liabilities long term liabilities 2001a 1,105 718 709 266 119 2002a 1,222 784 771 204 230 2003a 1,475 855 942 439 177 2004a 1,797 961 1,165 562 256 2005a 2,693 1,101 1,629 578 989 2006a 3,825 1,251 2,504 1,366 997 2007a 4,267 1,414 2,921 1,609 954 source audited financial statements mezzanine subordinated debt is not considered in long term liabilities as part of expansion and diversification we have engendered several strategic business units to address our value chain opportunities and costs by partnering with established players in niche markets our corporate governance and investment policies include building and capitalizing on opportunities leveraging on the capabilities of the companies in technology market and supply value chains for ceramic refractory and construction material businesses our investment policies also require adequacy of financial returns in context of cost of capital and premium thereon during the business and financial due diligence process joint venure rak laticrete rak global rak porcelain rak minerals rak chimica rak v1 rak kludi real estate jv prime builders construction contracting rak funrooms activity tile adhesives grouts and epoxy based material for tiling applications logistics freight forwarding for exports and imports high quality premium porcelain tableware for professional and consumer application ceramic and refractory mineral sourcing mining mineral processing blending and trading ceramic industrial chemicals advanced composite based construction materials systems and solutions including pre-designed pre-fabricated modular units taps faucets and other accessories for sanitary ware products acquire land develop real estate projects industrial residential construction block plant ready mix plant road ashalting contracts ownership 51 51 50 50 55.50 50 51 24 51 investment to establish factory show villas to manufacture icf blocks business for rapid construction services rak agora ceramic construction material trading warehousing in east africa electro rak electrical installation maintenance contracting prime builder trad ing ceramic sanitary ware distribution in emirate of abu dhabi eco rak llc trading in environment protection equip rak composites llc mfg trdg of high performance yachts ahmadah rak intl logistics al hamra construction construction contracting of residential industrial structures contracting 51 50 51 50 51 80 10 50 our audit relationships include firms representing howrath international gulf accountancy audit centre pricewaterhousecoopers and ernest young we enjoy very strong support from local community and the government of the emirate of ras al khaimah and we regularly participate in community development programs in areas of education healthcare public utilities training and development audited financials statements are available on websites www.sca.ae home page www.rakceram.com 14

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