Press releases, Reports & Disclosures for Dubai Investments PJSC

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: Press release regarding appointment of Liquidity Provider

Dubai Investments PJSC (DFM:DIC) has appointed xCube, a fintech company and market maker, as the Liquidity Provider for its shares listed on the Dubai Financial Market (DFM). The one-year agreement allows xCube to independently trade Dubai Investment shares starting June 11, 2024, by entering two-way daily quotes in compliance with DFM and SCA regulations. Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, emphasized that this strategic move aims to enhance shareholder value by improving liquidity, facilitating easier trading in the short term, and promoting higher valuation in the long term. Saad Chalabi, CEO of xCube, expressed gratitude for the trust placed in them and highlighted their goal to optimize liquidity, reduce bid-ask spreads, and decrease unwanted liquidity-driven volatility. Dubai Investments, established in 1995, is one of the largest investment companies in the UAE, managing a diverse portfolio across various sectors.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: Press release regarding financial results for the 1st QTR of 2024

Dubai Investments, a leading diversified investment company listed on the Dubai Financial Market, reported a net profit of AED 119.96 million for Q1 2024, a decrease from AED 314.44 million in the same period in 2023. However, excluding a one-off gain from investment properties in 2023, the profit for Q1 2024 represents a 90% surge. The growth was largely due to the property sector's performance and contributions from the investment portfolio. The total income for the period was AED 791.88 million, compared to AED 1.01 billion in Q1 2023, with total assets stable at AED 21.46 billion. The company anticipates continued positive momentum throughout 2024, driven by growth in the real estate sector.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: Financial statements for the 1st QTR of 2024

The text pertains to the condensed consolidated interim financial statements of Dubai Investments PJSC and its subsidiaries for the three-month period ending on 31 March 2024.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: Results of BOD Meeting

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: BOD meeting

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: Press release

Dubai Investments, a leading investment company listed on the Dubai Financial Market, has announced a 12.5% cash dividend for shareholders for the financial year ending December 31, 2023. This was approved at the company's 28th Annual General Meeting. The company reported a profit of AED 1,130.94 million for 2023, higher by AED 502.79 million if adjusted for a one-off gain from the previous year. The increase in profits is attributed to the sale of real estate properties, higher rental income, and gains on investments. The Chairman, Abdulrahman Ghanem Abdulrahman Al Mutaiwee, highlighted the company's growth plans for 2024, including expansion in the real estate sector and increased investments in Al Mal Capital and Al Mal Capital REIT. He also mentioned the company's entry into digital banking with Monument Bank and its commitment to innovation and excellence through investments in healthcare.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: Resolutions of General Assembly

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: Integrated report for the year 2023

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: Press release

Dubai Investments has announced a new residential project, Violet Tower, in Jumeirah Village Circle (JVC), Dubai. The project, valued at AED 300 Million, will be developed by Dubai Investments Real Estate (DIR) and is designed to meet the increasing demand for luxury residential apartments in the area. The 27-floor tower will comprise 287 units of studio, one, and two-bedroom apartments, along with amenities such as a swimming pool, gym, and kids' play area. Construction is set to begin in Q2 2024 and is expected to be completed within 24 months. The project aligns with the Dubai Municipality Green code, reflecting Dubai Investments' commitment to sustainable living.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: Financial statements for the year of 2023

The document is a directors' report and consolidated financial statements for Dubai Investments PJSC and its subsidiaries for the fiscal year ending on 31st December 2023.

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