Latest news with #DubaiInvestments'
Zawya
30-04-2025
- Business
- Zawya
Dubai Investments drives inclusive, low-carbon growth in 2024 ESG Report
Dubai, UAE – Dubai Investments, the diversified investment company listed on the Dubai Financial Market, has released its 2024 ESG Report under the theme 'Resilient Futures – Advancing Sustainability Through Innovation and Collaboration.' The report highlights measurable progress across clean energy, operational efficiency, workforce development, and community initiatives, with expanded coverage across 12 wholly owned subsidiaries. The 2024 ESG Report affirms Dubai Investments' alignment with international and national standards, including GRI, DFM ESG Indicators, and the UAE's sustainability vision. As the Group looks ahead, its strategy remains rooted in transparency, measurable impact, and long-term resilience—driven by innovation and collaborative action. 'At the foundation of this progress lies strong corporate governance, which continues to guide our sustainability agenda,' said Mohammed Saeed Al Raqbani, Head of Sustainability Committee at Dubai Investments. 'With oversight from an experienced and diverse Board of Directors, the Group is embedding ESG principles at every level of decision-making. In 2024, Dubai Investments reinforced its commitment to ethical conduct, risk oversight, and regulatory compliance—ensuring that resilience, transparency, and accountability remain central to the Group's long-term strategy.' Accelerating its transition toward a low-carbon future, Dubai Investments commissioned a 1.2 MW rooftop solar system at the Ritaj community, now supplying nearly 30% of its energy needs through renewables. Emirates Float Glass improved energy efficiency through targeted operational enhancements, while Emirates Extrusion Factory achieved 100% aluminium scrap reuse and implemented eco-efficient coating technologies. Group-wide efforts in water conservation advanced, with subsidiaries expanding reuse and treatment systems to reduce consumption and protect local ecosystems. Human capital development remained a core ESG pillar in 2024. Over 2,700 employees participated in 9,600+ hours of training, spanning leadership, technical, and sustainability topics. Career development reviews achieved 100% coverage, reinforcing a culture of continuous growth. The Group advanced its Emiratisation agenda and also maintained full occupational health and safety coverage with zero fatalities reported. Community engagement also saw momentum through initiatives like the Green Run, school supply campaigns, and fertility awareness drives. To explore the full report, visit: Dubai Investments PJSC Dubai Investments is a publicly listed UAE based multi-asset investment Group, managing a diverse portfolio of businesses, generating sustainable financial returns to its shareholders. Established in 1995, Dubai Investments is one of the leading investments Group in the UAE, initiating new businesses and partnering with dynamic entities, creating strategic investment opportunities across the region. With 15,956 shareholders, a paid-up capital of AED 4.25 billion and total assets worth more than AED 22 billion, the Group applies insight and experience to expand and be a reliable growth driver for businesses within sectors like real estate, manufacturing, healthcare, education, investments and services. The Group's diverse portfolio consists of wholly and partly owned companies and reflects the Company's continued focus on business diversification to drive growth in line with evolving industry trends. Focused on leveraging strengths with an interest in establishing existing and new business opportunities with a long-term, strategic and creative approach and with an emphasis on sustainable returns and capital growth, Dubai Investments collaborates on investment strategies meeting the changing needs of the economy and the societies in which it operates. Complementing the strategic objectives and creating value for stakeholders, the Group pursues growth through mergers and acquisitions and business expansions. To know more visit - .
Khaleej Times
16-04-2025
- Business
- Khaleej Times
Dubai Investments aims to sell stake in 4 firms through IPOs, says CEO
Dubai Investments, a well-diversified company listed on the Dubai Financial Market, aims to sell stakes in four companies through initial public offerings (IPOs), said Khalid bin Kalban, vice chairman and CEO of Dubai Investments. 'We are planning to float four companies and hopefully one every year. We have done internal and external evaluations. We are already engaged with the authorities and some of them have given the nod and others suggested to wait a year or so to grow the companies further. They don't think that we should go public with a value lower than $500 million. And that's fine. This would take us a year or two to get to that,' Bin Kalban told Khaleej Times in an interview on Wednesday. He noted that the company plans to list subsidiaries on the Dubai bourse. He elaborated that the firm has conducted internal and external evaluations of the companies as part of its preparations to take them public and get approvals from the authorities and banks. He added that following the introduction of corporate tax by the UAE, firms are now required to evaluate their companies. Bin Kalban was speaking after the company's Annual General Meeting (AGM) on Wednesday. Tariff impact on IPOs The global stock markets have been hit hard by the global tariff uncertainty after the US announced tax increases on goods imported into the US. This has shaken the UAE and regional equity markets as well. However, Dubai Investments' CEO believes that it will not impact the plans of local companies to go public. ' I think the tariff is an overrated issue. The US is trying to be fair with everybody else… We don't think this region will be affected. We are debating whether it's going to be positive or negative for this region. The majority will tell you that it's going to be positive because companies from other countries will consider relocation to UAE and region due to high tariffs imposed on those countries,' he added. Bin Kalban said tariffs imposed in the UAE and the region are only 10 per cent and that too only on specific industries like aluminum. Stronger Q1 results Dubai Investments posted a net profit before tax attributable to shareholders of Dh1.3 billion for the fiscal year ending December 31, 2024, compared to Dh1.07 billion during the same period last year, marking a 21 per cent increase. The group's total income grew to Dh4.66 billion, mainly driven by the sale of properties amounting to Dh1.03 billion due to strong demand for real estate projects and efficient execution of the Danah Bay project on Al Marjan Island in Ras Al Khaimah and higher rental income due to occupancy levels maintained in DIP and acquisition of additional assets in Al Mal Capital REIT. 'We have done very well in 2024 and could have done more but had to take some provisions of over Dh270 million. That's a lot of money. If we didn't have to do that, our profit would have gone over Dh1.5-Dh1.6 billion,' he said. Dubai Investments' chief executive revealed that 2025 looks very promising. 'We got preliminary financials results for the first quarter and it is better than Q1 last year. First quarter 2025 profits will hopefully be higher by over 20 per cent compared to the same quarter last year. The first quarter is much better than what we anticipated. We started on a very positive note and I think we will end up with a very positive note at the end of the year.' 'We are on solid ground and going according to the strategy. There are a lot of projects under study. We will reveal them once we get approval from the other parties.' Expanding real estate, healthcare portfolio Khalid bin Kalban revealed that Dubai Investments has aggressive expansion and acquisitions plans in the real estate and healthcare sectors. 'We've acquired 350,000 square feet of land adjacent to RAK Central in Ras Al Khaimah to develop 20-25 storey towers. We're in discussion with various parties to buy lands across other emirates as well. So if that materialises, then we'll definitely grow our portfolio much bigger than what the market anticipates,' he said. He added that there is a strong interest in real estate, especially in office towers. 'We have a lot of interested investors. We are building an office tower and there is a lot of demand for this tower. In fact, we have a gentleman who wants to buy the entire tower today. There is a shortage of luxury office space in the market.' He added that Dubai Investment's subsidiary Globalpharma is expanding locally and internationally. It owns roughly 35 per cent of King's Hospital which is also going for expansion. 'We're discussing to increase our portfolio by buying a new hospital and expanding existing.'
Hi Dubai
17-03-2025
- Business
- Hi Dubai
Dubai Investments Reports AED 1.3B Net Profit Before Tax in 2024, Up 21%
Total income for 2024 reached AED 4.66 billion, driven by strong performance across the real estate and investment segment Rental income increased to AED 1.05 billion, accounting for 22.6% of total income, fuelled by sustained high occupancy levels at Dubai Investments Park and the acquisition of new assets by Al Mal Capital REIT Robust demand for real estate projects resulted in AED 1.03 billion in property sales, an increase of AED 201.8 million Total assets grew to AED 22.10 billion as of year-end 2024, up from AED 21.44 billion in 2023 In line with the commitment to shareholder value, the Dubai Investments board proposes a cash dividend of 18% (AED 0.18 per share) for 2024 Dubai Investments PJSC, the leading diversified investment company listed on the Dubai Financial Market (DFM), announced a net profit before tax attributable to shareholders of AED 1.3 billion for the fiscal year ending December 31, 2024, compared to AED 1.07 billion during the same period last year, marking a 21% increase. The Group's total income grew to AED 4.66 billion, mainly driven by the sale of properties amounting to AED 1.03 billion due to strong demand for real estate projects and efficient execution of the Danah Bay project on Al Marjan Island in Ras Al Khaimah and higher rental income due to occupancy levels maintained in DIP and acquisition of additional assets in Al Mal Capital REIT. Dubai Investments' total assets grew to AED 22.10 billion by the end of 2024, up from AED 21.44 billion in 2023. The Group's equity attributable to owners stood at AED 14.11 billion. With a net debt to total attributable equity ratio of 21.9%, the Group continues to maintain strong liquidity levels, underscoring the Group's robust financial position and resilience across economic cycles. In line with its commitment to delivering value to shareholders, the Board of Directors has proposed a cash dividend of 18% (AED 0.18 per share) for the year 2024, reinforcing Dubai Investments' focus on enhancing shareholder returns while maintaining a strong financial position and sustainable growth trajectory. Commenting on the full-year results, Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, said: Dubai Investments' strong financial performance in 2024 has laid a robust foundation for sustained expansion and long-term growth. Dubai Investments remains focused on accelerating growth by actively evaluating investment opportunities across MENA and other regions, exploring strategic divestments, and assessing select Group companies for potential IPOs. These initiatives align with the Group's vision to enhance market presence, maximize shareholder value, and drive sustainable growth in the years ahead. Future Outlook The Group will launch several mixed-use real estate projects in the UAE whilst remaining focused on timely execution of projects in hand. The Group anticipates strong growth and remains optimistic about the real estate sector. The construction of the Group's Violet Tower project is progressing steadily, supported by healthy off-plan sales and remaining on track for completion by Q4 2026. A key priority is the continued expansion of the Al Mal Capital REIT portfolio, reinforcing its role as a reliable source of stable cash dividends. With a long-term vision for impact-driven investments, Dubai Investments is strengthening its footprint in the healthcare, education, financial services, artificial intelligence, and business services sectors. The Group remains committed to nurturing and scaling investments in these essential industries, reinforcing its role in supporting community development and regional economic progress. A disciplined approach to portfolio optimization remains a priority. The Group continues to monitor and reassess non-core assets, ensuring an agile and efficient investment strategy that strengthens market presence and drives sustainable growth in the years ahead. With a strategic and forward-looking approach, Dubai Investments remains well-positioned to navigate evolving market dynamics, strengthen its competitive edge, and drive sustainable value creation. News Source: Publicis Groupe
Khaleej Times
16-03-2025
- Business
- Khaleej Times
Dubai Investments reports net profit before tax of Dh1.3 billion for 2024
Dubai Investments has announced a net profit before tax attributable to shareholders of Dh1.3 billion for the fiscal year ending December 31, 2024, compared to Dh1.07 billion during the same period last year, marking a 21 per cent increase. Total income grew to Dh4.66 billion, mainly driven by the sale of properties amounting to Dh1.03 billion due to strong demand for real estate projects and efficient execution of the Danah Bay project on Al Marjan Island in Ras Al Khaimah and higher rental income due to occupancy levels maintained in DIP and acquisition of additional assets in Al Mal Capital REIT. Dubai Investments' total assets grew to Dh22.10 billion by the end of 2024, up from Dh21.44 billion in 2023. The group's equity attributable to owners stood at Dh14.11 billion. With a net debt to total attributable equity ratio of 21.9 per cent, the group continues to maintain strong liquidity levels, underscoring the group's robust financial position and resilience across economic cycles. In line with its commitment to delivering value to shareholders, the board of directors has proposed a cash dividend of 18 per cent (Dh0.18 per share) for the year 2024. Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, said: 'Dubai Investments' strong financial performance in 2024 has laid a robust foundation for sustained expansion and long-term growth. Dubai Investments remains focused on accelerating growth by actively evaluating investment opportunities across MENA and other regions, exploring strategic divestments, and assessing select Group companies for potential IPOs. These initiatives align with the Group's vision to enhance market presence, maximise shareholder value, and drive sustainable growth in the years ahead.' Future outlook The group will launch several mixed-use real estate projects in the UAE whilst remaining focused on timely execution of projects in hand. The group anticipates strong growth and remains optimistic about the real estate sector. The construction of the group's Violet Tower project is progressing steadily, supported by healthy off-plan sales and remaining on track for completion by Q4 2026. A key priority is the continued expansion of the Al Mal Capital REIT portfolio, reinforcing its role as a reliable source of stable cash dividends. With a long-term vision for impact-driven investments, Dubai Investments is strengthening its footprint in the healthcare, education, financial services, artificial intelligence, and business services sectors. The Group remains committed to nurturing and scaling investments in these essential industries, reinforcing its role in supporting community development and regional economic progress. A disciplined approach to portfolio optimization remains a priority. 'The Group continues to monitor and reassess non-core assets, ensuring an agile and efficient investment strategy that strengthens market presence and drives sustainable growth in the years ahead,' a statement said.
Mid East Info
14-03-2025
- Business
- Mid East Info
Dubai Investments achieved Net Profit Before Tax of AED 1.3 billion for the year ended 31 December 2024, reflecting a 21% growth compared to year ended 31 December 2023
Dubai Investments PJSC, the leading diversified investment company listed on the Dubai Financial Market (DFM), announced a net profit before tax attributable to shareholders of AED 1.3 billion for the fiscal year ending December 31, 2024, compared to AED 1.07 billion during the same period last year, marking a 21% increase. The Group's total income grew to AED 4.66 billion, mainly driven by the sale of properties amounting to AED 1.03 billion due to strong demand for real estate projects and efficient execution of the Danah Bay project on Al Marjan Island in Ras Al Khaimah and higher rental income due to occupancy levels maintained in DIP and acquisition of additional assets in Al Mal Capital REIT. Dubai Investments' total assets grew to AED 22.10 billion by the end of 2024, up from AED 21.44 billion in 2023. The Group's equity attributable to owners stood at AED 14.11 billion. With a net debt to total attributable equity ratio of 21.9%, the Group continues to maintain strong liquidity levels, underscoring the Group's robust financial position and resilience across economic cycles. In line with its commitment to delivering value to shareholders, the Board of Directors has proposed a cash dividend of 18% (AED 0.18 per share) for the year 2024, reinforcing Dubai Investments' focus on enhancing shareholder returns while maintaining a strong financial position and sustainable growth trajectory. Commenting on the full-year results, Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, said: 'Dubai Investments' strong financial performance in 2024 has laid a robust foundation for sustained expansion and long-term growth. Dubai Investments remains focused on accelerating growth by actively evaluating investment opportunities across MENA and other regions, exploring strategic divestments, and assessing select Group companies for potential IPOs. These initiatives align with the Group's vision to enhance market presence, maximize shareholder value, and drive sustainable growth in the years ahead.' Future Outlook: The Group will launch several mixed-use real estate projects in the UAE whilst remaining focused on timely execution of projects in hand. The Group anticipates strong growth and remains optimistic about the real estate sector. The construction of the Group's Violet Tower project is progressing steadily, supported by healthy off-plan sales and remaining on track for completion by Q4 2026. A key priority is the continued expansion of the Al Mal Capital REIT portfolio, reinforcing its role as a reliable source of stable cash dividends. With a long-term vision for impact-driven investments, Dubai Investments is strengthening its footprint in the healthcare, education, financial services, artificial intelligence, and business services sectors. The Group remains committed to nurturing and scaling investments in these essential industries, reinforcing its role in supporting community development and regional economic progress. A disciplined approach to portfolio optimization remains a priority. The Group continues to monitor and reassess non-core assets, ensuring an agile and efficient investment strategy that strengthens market presence and drives sustainable growth in the years ahead. With a strategic and forward-looking approach, Dubai Investments remains well-positioned to navigate evolving market dynamics, strengthen its competitive edge, and drive sustainable value creation. Dubai Investments PJSC: Dubai Investments is a publicly listed UAE based multi-asset investment Group, managing a diverse portfolio of businesses, generating sustainable financial returns to its shareholders. Established in 1995, Dubai Investments is one of the leading investments Group in the UAE, initiating new businesses and partnering with dynamic entities, creating strategic investment opportunities across the region. With 15,956 shareholders, a paid-up capital of AED 4.25 billion and total assets worth more than AED 22 billion, the Group applies insight and experience to expand and be a reliable growth driver for businesses within sectors like real estate, manufacturing, healthcare, education, investments and services. The Group's diverse portfolio consists of wholly and partly owned companies and reflects the Company's continued focus on business diversification to drive growth in line with evolving industry trends. Focused on leveraging strengths with an interest in establishing existing and new business opportunities with a long-term, strategic and creative approach and with an emphasis on sustainable returns and capital growth, Dubai Investments collaborates on investment strategies meeting the changing needs of the economy and the societies in which it operates. Complementing the strategic objectives and creating value for stakeholders, the Group pursues growth through mergers and acquisitions and business expansions.
