UAE.. “Easy Lease” shares rise to the highest price in 17 months

Easy Lease Motorcycle Rental shares, listed and traded on the Abu Dhabi Stock Exchange, rose by 2.64% at the end of Tuesday’s session, trading at 32.6 dirhams, achieving the highest price in 17 months.

Trading in the stock came through 191 trading transactions, including 496.78 thousand shares, worth 16.67 million dirhams.

The highest price per share was 36.48 dirhams, while the lowest price was 31 dirhams, thus touching its highest price in a year and 5 months.

Easy Lease Company, one of the branches of the International Holding Group listed on the Abu Dhabi Securities Market, achieved a growth in its profits of 5% on an annual basis by the end of the first nine months of the current year.

The company indicated that its net profits jumped to 27.9 million dirhams during the first nine months of 2024, compared to 26.5 million dirhams in the same period of 2023.

The company’s revenues also witnessed an increase of 38% year-on-year during the first nine months of 2024, reaching 292 million dirhams.

On the other hand, net profit in the third quarter decreased by 23.5%, reaching 10.67 million dirhams, compared to 13.95 million dirhams in the third quarter of 2023.

EasyLease is a private joint stock company working in the field of providing commercial services.