Dubai Investments records Dhs459m net profits for first nine months

Total income at the end of Q3 2019 was recorded at Dhs2.12bn while total assets reached Dhs20.64bn



Dubai Investments recorded net profit of Dhs459m for the period ending September 30, a statement said.

The 2019 net profits observed a dip of 36 per cent, compared to Dhs724m for the same period last year.

Profits entailed gains on M&A transactions worth Dhs64m and Dhs333m for 2019 and 2018 respectively.

Total income at the end of Q3 2019 was recorded at Dhs2.12bn while total assets reached Dhs20.64bn.

“Dubai Investments has been consistent in generating strong operational results and the trend has continued for this year as well,” said Khalid Bin Kalban, managing director and CEO, Dubai Investments.

“We are focused on delivery of our real estate developments which will enable us to monetise these assets and progress with our strategy to build a diversified investment portfolio capable of delivering sustainable returns to our stakeholders.”

Established in 1995, Dubai Investments has 3,800 employees and 16,771 shareholders with a share capital of Dhs4.25bn, according to the company website.

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