The state investor posted a record-high net profit of Dhs60.8bn, buoyed by an increase of Dhs24.6bn from its transportation and banking businesses
The banking and transportation divisions’ respective contributions to the wealth fund’s profit soared by Dhs8.2bn and Dhs7.7bn
The Investment Corporation of Dubai is the principal investment arm of the emirate’s government
Sovereign wealth funds in the GCC region continue to increase in number, size, variety and scope
Its revenues for 2021 equalled Dhs169.4bn, up 24.5 per cent compared to the previous year
Meydan’s two main lines of business – real estate and horse-racing – will remain separate
Its 2019 revenues dipped 1.9 per cent to Dhs228bn
The highest ranking entries from the world of finance in Gulf Business’ annual Arab power list 2020