Prime Highlights
- Dubai Investments’ first-half net profit rose 28% to AED642.4 million.
- Real estate and manufacturing led the group’s strong performance.
Key Facts
- Dubai Investments is a UAE-listed multi-asset investment group with a diversified business portfolio.
- The group recorded AED2.04 billion in first-half income.
Background
Dubai Investments reported a 28% increase in net profit attributable to shareholders for the first half of the year, reaching AED642.4 million ($175 million), supported by strong performance from its real estate and manufacturing businesses.
The UAE-based multi-asset investment group said profit before tax rose 29% to AED702.8 million from AED546.3 million in the same period last year. Total income increased to AED2.04 billion from AED1.89 billion.
The real estate business remained the main contributor to results. The segment benefited from steady rental income from income-generating properties and progress on major development projects.
The manufacturing business also recorded solid growth as improved operational efficiency supported its performance.
Profit before tax in the second quarter rose 43% to AED517.7 million from AED361.4 million a year earlier. Profit after tax attributable to shareholders increased 42% to AED471.1 million from AED331.3 million.
Dubai Investments’ total assets stood at AED23.88 billion at the end of the first half, compared with AED23.28 billion at the end of last year. Equity attributable to shareholders reached AED14.49 billion.
Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, said the strong second-quarter performance reflected the strength of the group’s diversified portfolio, asset quality and disciplined growth strategy.
He said the company would continue to expand businesses with strong fundamentals, enter high-potential markets and make investments aimed at increasing long-term portfolio value.
The group also highlighted its healthcare expansion after acquiring the remaining 80% stake in Clemenceau Medical Centre Hospital Dubai. The deal supports its strategy of diversifying into sectors with long-term growth potential.
