Net profit of AED 724 million over 9 months

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Date: 2018-11-02 19h26

Dubai Investment Company (DIC) today announced a net profit of AED 724 million for the first nine months of this year, compared with AED 830 million for the same period last year.

Total assets reached AED 19.44 billion at September 30, 2018, while total revenue for the first nine months of this year increased to AED 2.42 billion, compared to AED 2.03 billion for the same period last year, while the annualized return of equity For the same period to 7.88%.

"The results of the first nine months of this year preserve the flexibility and robustness of the model used in our various activities, which allows us to maintain a good position in the various economic cycles," said Khalid Bin Kalban, General Manager and Chief Executive Officer. Managing Director of Dubai Investments. "The company is actively working to strengthen its assets by acquiring 50% of Emicol, while the company will continue to build on its organic and inorganic growth."

"We will continue to work in line with our strategy, providing liquidity to our real estate assets and projects, which are being carried out in line with our targets, and we have also invested heavily in education and health care." Many other opportunities We are looking forward to leveraging the value of certain assets through cost-effective exit mechanisms, while continuing to reach our goal of providing better value for money. consistent and sustainable returns to our shareholders. "