Dubai Investments PJSC

About Dubai Investments PJSC
Country of Origin: United Arab Emirates (U.A.E)
Dubai Investments PJSC (“the Company”) is a Public Joint
Stock Company incorporated in the Emirate of Dubai - United Arab Emirates by
Ministerial Resolution No. 46 of 1995, on 16th July 1995. The Company’s shares
are listed in the Dubai Financial Market since the year 2000. Dubai Investments
is a multi-asset investment Group, managing a diverse portfolio of businesses,
generating sustainable financial returns to its shareholders.
The Company and its subsidiaries (collectively referred to
as “the Group”) consists of wholly and partly owned companies and the Group’s
interest and investments reflect the Company’s continued focus on business
diversification to drive growth.
The Group applies insight and experience to expand and be a
reliable growth driver for businesses within sectors like real estate, building
materials, construction & contracting, financial services, healthcare and
education among others.
Latest Pressrelease Summaries from Dubai Investments PJSC
Threads
Dubai Investments reported a net profit after tax attributable to shareholders of AED 289.24 million for Q2 2024, a 78% increase from the previous year when adjusted for one-off gains. For the first half of 2024, the net profit was AED 409.20 million, an 83% increase on the same basis. The Group's total assets rose to AED 21.82 billion, while equity attributable to owners slightly decreased to AED 13.34 billion. Key highlights include the progress on the Danah Bay project, the launch of Violet Tower, and the acquisition of Carnation Education LLC by Al Mal Capital REIT. The Vice Chairman and CEO, Khalid Bin Kalban, attributed the strong performance to effective business strategies and a robust property sector. The Group remains optimistic about maintaining its performance and expanding its investment footprint.
Dubai Investments PJSC and its subsidiaries have released their condensed consolidated interim financial statements for the six-month period ending on June 30, 2024.
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.