Dubai Investments Net Profit On The Rise

02 Aug 2013


Immigration News

From a net profit of Dh170 million in the first half of 2012 to Dh370 million, and from a consolidated total income of Dh1.12 billion in 2012 to reaching Dh1.29 billion by the first half of 2013, Dubai Investments (DI) - an investments company listed on the Dubai Financial Market is on a steady rise. The total assets announced by the company, as on 30th June, 2013 was Dh12.58 billion and the net worth increased to Dh8.6 billion. Moreover, the annualized return on share capital has increased from 9 per cent to 20.7 per cent. The assets and liabilities stated have been in accordance with the application of change in accounting standards following the de-consolidation of the joint ventures, and commendably this has impacted neither the profitability nor net worth of the Group.

Managing Director and CEO of Dubai Investments (DI), Khalid Bin Kalban was very happy and stated that he was delighted with the excellent results achieved for the first half of 2013. He was confident that the investor confidence has returned to the UAE, and with DI's expertise across diversified businesses they are in a good position to capitalize on future opportunities.

Owning around 40 subsidiaries and joint ventures encompassing a wide range of sectors, DI is associated with real estate management and property development, industrial and commercial properties, financial investments, marketing and sales, driver education, district cooling, information technology solutions, manufacturing of construction-related materials, food and related fast moving consumer goods and pharmaceuticals.

Standard & Poor’s Rating Services has recently assigned Dubai Investment Park (One of the DI subsidiaries), a long-term corporate credit rating of ‘BB’.


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