Dubai Investments PJSC, a prominent investment company listed on the Dubai Financial Market, has recently announced a 12.5% cash dividend for shareholders for the financial year ending December 31, 2023. This announcement came at the company's 28th Annual General Meeting and reflects the company's strong financial performance for the year.

The company reported a substantial 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. This increase in profits can be attributed to the sale of real estate properties, higher rental income, and gains on investments. These factors indicate a robust financial health and a positive investment climate for the company.

Looking ahead, the Chairman, Abdulrahman Ghanem Abdulrahman Al Mutaiwee, has outlined the company's growth plans for 2024. These include expansion in the real estate sector and increased investments in Al Mal Capital and Al Mal Capital REIT. In addition, the company is making strides in digital banking with Monument Bank, showing its commitment to innovation and excellence.

Given the company's current performance and future plans, investors may consider holding onto their stocks. While the company's recent success and expansion plans are promising, the inherent volatility of the market and the neutral future view of the company suggest a cautious approach.