Dubai Investments PJSC

Dubai Investments, a leading investment firm listed on the Dubai Financial Market, has reported a net profit of AED 817.02 million for the nine-month period ending September 30, 2023. This is a decrease from AED 1.49 billion for the same period last year. The total income for the period was AED 3.00 billion, down from AED 3.27 billion the previous year. However, total assets reached AED 21.08 billion at the end of Q3 2023, and shareholder equity increased to AED 13.13 billion. The results are 61% higher when adjusted for a one-off gain of AED 980.42 million from a 50% share divestment in Emicool recorded in the previous period. The company expects its strong performance to continue for the rest of the year, driven by its Property and Investment segments.

Dubai Investments, a company listed on the Dubai Financial Market, has increased its stake in Monument Bank Limited from 9.25% to 16.93% by acquiring an additional 7.68% equity. Monument Bank is a UK-based digital bank regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The bank has been successful in its first year of operation, lending nearly £100m and focusing on the mass-affluent segment. The increase in stake by Dubai Investments is seen as a vote of confidence in Monument Bank's unique approach to banking and its growth trajectory. The investment is subject to necessary regulatory approvals.