Despite the decline .. Dubai investments are considered good quarterly results

Bank – UAE:

Dubai Investments Company chief executive and chief executive Khalid Bin Kalban said the company's second quarter results were good given the economic challenges it faced. "The company has demonstrated its ability to consistently deliver solid performance."

Bin Kalban said in a press release that the company is making significant progress in its various projects covering different sectors, including real estate development, manufacturing and investment.

The company's profit for the second quarter of this year fell to 151.2 million dirhams, against 202 million dirhams in the previous quarter, compared to the second quarter of 2018, which posted a profit of 129 million dirhams.

At the end of the first half of 2019, Dubai Investment, the largest investment company listed in the United Arab Emirates, had fallen to AED 353.2 million, 28% more than the same period of 2018.

Dubai Investment Company's profits fell by 35% to AED 651.4 million (15.3 wires per share) at the end of last year, compared with AED 1 billion in 2017.

Dubai Investment was established in July 1995 and has been listed on the Dubai financial market since March 2000. It operates in the diversified financial sector, with a focus on badet management and custodian banks.

The paid-up capital of the company is 4 billion from AED and the number of investors exceeds 16,700. The company's portfolio currently comprises 35 subsidiaries and a joint venture in 23 sectors.