Malta Properties AGM highlights 2021 revenue increases

Malta Properties Company plc (MPC) has held its Annual General Meeting to review the Company’s performance in 2021, a year in which revenues increased by six per cent to reach €3.64 million. During the meeting shareholders also approved a proposed net dividend of €0.012 per share.

MPC chairman Mohamed Sharaf, said: “MPC continues to be optimistic about the future and we will continue to invest in those properties that provide a good fit for our company. The recent completion of acquisition of the Mediterranean Building in Ta’ Xbiex very tangibly highlights this. With a strong client base, strong team and strong financial position, we shall not falter from keeping our shareholders’ best interest at heart and delivering sustainable growth.”

The AGM was also addressed by MPC’s Chief Executive Officer, Mohsin Majid, and Chief Financial Officer, Daniela Zammit, who delivered more detailed presentations on the company’s performance. This included updates on the company’s key sites in Żejtun, which will soon be handed over to tenants, in Swatar where the HSBC Global Services contact centre is housed and in Marsa, where a significant redevelopment project is now underway.

“Net Asset...