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Dubai, August 4 / Dubai Investments, listed on the Dubai Financial Market, announced that it achieved a net profit of 580 million dirhams during the six-month period ending on June 30, 2023, an increase of 59%, compared to the same period in 2022, in which the company’s profits amounted to 364 million. dirhams.
The group’s total revenues during the aforementioned period recorded a remarkable growth, reaching 2.03 billion dirhams, compared to 1.55 billion dirhams during the first half of 2022, achieving an increase of 31%, and total shareholders’ equity increased to 12.90 billion dirhams, compared to 12.84 billion dirhams. During the year ending December 31, 2022.
Khalid bin Kalban, Vice Chairman and Chief Executive Officer of Dubai Investments, said that the revenues achieved and the increase in net profits reflect the strong performance of the real estate sector, supported by large returns from the investment portfolio. As the “Dana Bay” project on Al Marjan Island in Ras Al Khaimah continues to attract widespread interest, indicating the importance and position of the real estate sector, which constitutes one of the most important major business sectors.
He added that the group affirms its optimism and confidence in continuing the path of comprehensive growth and development, in light of the success and growth it achieved during the first half of the current year, and looks forward to benefiting from its experience and employing it to expand its portfolio and achieve maximum returns for the benefit of investors.
