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.

Disclosure: Press release regarding financial results for the 3rd QTR of 2024

a month ago

Dubai Investments PJSC and its subsidiaries have released their condensed consolidated interim financial statements for the nine-month period ending on September 30, 2024.

Disclosure: Financial statements for the 3rd QTR of 2024

a month ago

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.

Disclosure: Press release regarding financial results for the 2nd QTR of 2024

5 months ago

Dubai Investments PJSC and its subsidiaries have released their condensed consolidated interim financial statements for the six-month period ending on June 30, 2024.

Disclosure: Financial statements for the 2nd QTR of 2024

5 months ago

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.

Disclosure: Press release regarding appointment of Liquidity Provider

6 months ago

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.

Disclosure: Press release regarding financial results for the 1st QTR of 2024

7 months ago

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.

Disclosure: Financial statements for the 1st QTR of 2024

7 months ago

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.

Disclosure: Press release

8 months ago

Threads

Page 5

RealEstateKing

Commented on FinanceBroAEDs Transaction regarding Dubai Investments PJSC a year ago

Hey FinanceBroAED, awesome to see you diversifying into Dubai Investments PJSC! 💪 Keep an eye on market fluctuations; they can greatly affect stock values. Excited to see how this move plays out for you!