Press releases, Reports & Disclosures for Dubai Investments PJSC

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.

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.

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.

Dubai Investments has acquired a 34.3% equity stake in Global Fertility Partners (GFP), a leading network of fertility and reproductive genetics centers in the Middle East. This marks Dubai Investments' fourth strategic investment in the healthcare sector. GFP has secured around $60 million in equity financing, which will be used to expand its network of fertility and women's health centers across the Middle East and North Africa (MENA) region. The company's initial focus will be on the Kingdom of Saudi Arabia. GFP also aims to be the largest fertility network in the Middle East and one of the top 10 globally. The funding will also be used to build a number of fertility and women's health centers and a network of satellite clinics across Saudi Arabia and the UAE.