Dubai Investments PJSC

Logotype for Dubai Investments PJSC
Ticker/ISIN
DIC
AED000601016
Market/Country
Dubai Financial Market
United Arab Emirates

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

Dubai Investments PJSC reported a net profit after tax of AED 650.51 million for the nine-month period ending September 30, 2024, and AED 241.31 million for the three-month period ending the same date. This represents an 80% and 78% increase, respectively, compared to the previous year when adjusted for a one-off gain. The company's total assets grew to AED 21.81 billion as of September 30, 2024, from AED 21.44 billion at the end of 2023, with equity attributable to shareholders rising to AED 13.58 billion. Khalid Bin Kalban, Vice Chairman and CEO, highlighted the group's strategic focus on sustainable growth and diversification, noting strong performance in the real estate sector and investment portfolio.
Dubai Investments PJSC and its subsidiaries have released their condensed consolidated interim financial statements for the nine-month period ending on September 30, 2024.
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.
Dubai Investments, a leading diversified investment company listed on the Dubai Financial Market, reported a net profit of AED 119.96 million for Q1 2024, a decrease from AED 314.44 million in the same period in 2023. However, excluding a one-off gain from investment properties in 2023, the profit for Q1 2024 represents a 90% surge. The growth was largely due to the property sector's performance and contributions from the investment portfolio. The total income for the period was AED 791.88 million, compared to AED 1.01 billion in Q1 2023, with total assets stable at AED 21.46 billion. The company anticipates continued positive momentum throughout 2024, driven by growth in the real estate sector.
The text pertains to the condensed consolidated interim financial statements of Dubai Investments PJSC and its subsidiaries for the three-month period ending on 31 March 2024.
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.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: Resolutions of General Assembly

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: Integrated report for the year 2023

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: Press release

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.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: Financial statements for the year of 2023

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.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: Results of BOD Meeting

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: BOD meeting

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DFM News

DFM News

News Update From Dubai Investments PJSC

Disclosure: Preliminary financial results for the year of 2023

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DFM News

DFM News

News Update From Dubai Investments PJSC

Disclosure: Press release

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.

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DFM News

DFM News

News Update From Dubai Investments PJSC

Disclosure: Press release

Dubai Investments, a company listed on the Dubai Financial Market, has announced its first mixed-use development in Africa. The project, named Dubai Investments Park (DIP) Angola, is a 2,000-hectare integrated residential, commercial and industrial hub. The site includes 3 kilometers of coastline and a 2-kilometer sandy beach. The company plans to develop the infrastructure and lease land to other developers and investors. The development will include residential, commercial, and industrial zones, along with amenities like parks, leisure facilities, and an 18-hole golf course. The project is located in Dande Municipality, Bengo Province, 50 kilometers from the national capital, Luanda. The company aims to catalyze sustainable growth across Africa with this project.

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RealEstateKing

RealEstateKing

Commented on FinanceBroAEDs Transaction regarding Dubai Investments PJSC

Great move buying Dubai Investments PJSC! It's a solid company with a diversified portfolio. Just be mindful of the recent downturn. Keep it up!