Latest news with #KhalidBinKalban
Mid East Info
5 days ago
- Business
- Mid East Info
Dubai Investments H1 2025 profit before tax surges to AED 546.28 million - Middle East Business News and Information
Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market DFM, reported profit before tax of AED 546.28 million for the six-month period ended 30 June 2025, compared to AED 431.68 million during the corresponding period in the previous year. For the three-month period ended 30 June 2025, the profit before tax was reported at AED 361.39 million, up from AED 309.34 million during the corresponding period in 2024. The higher profitability was driven by strong performance across the Group's core business segments, particularly real estate and manufacturing. The real estate segment demonstrated strong performance underpinned by consistent and growing rental income. The Group's total assets increased to AED 22.74 billion as of 30 June 2025, compared to AED 22.10 billion as of 31 December 2024. Equity attributable to the owners of the Company stood at AED 13.89 billion as of 30 June 2025, compared to AED 14.11 billion as of 31 December 2024. The Group also reported a total income of AED 1.89 billion for the six-month period ended 30 June 2025, compared to AED 2.03 billion during the corresponding period in 2024. Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, commented: 'Dubai Investments' performance in the first half of 2025 underscores the strength of its diversified portfolio and strategic focus on value-accretive sectors. Real estate continues to be a key contributor, supported by a stable rental portfolio and progress on high-potential development projects. At the same time, the Group's manufacturing businesses have benefitted from operational efficiencies and sustained demand, reinforcing their role as essential growth pillars.' Outlook: Looking ahead, Dubai Investments remains focused on accelerating growth across its core sectors, particularly real estate and financial services. The second half of 2025 will see continued progress on key projects, with Asayel Avenue at Mirdif Hills entering the early construction phase following its groundbreaking in June 2025. The phased handover of villas at Danah Bay on Al Marjan Island, Ras Al Khaimah, is progressing steadily, reinforcing the Group's commitment to timely delivery and quality execution. The Violet Tower project in Jumeirah Village Circle JVC is progressing as scheduled, with approximately 26% of construction completed and an expected completion date in Q2 2026. The Follow-On Public Offering (FPO) of Al Mal Capital REIT reflects strong investor confidence and underscores the Group's long-term strategy to scale income-generating platforms, positioning the REIT for continued expansion across resilient sectors such as education, healthcare, and industrial real estate. With a robust pipeline and a clearly defined strategic direction, Dubai Investments is poised to broaden its market presence, enhance shareholder value, and deliver long-term sustainable returns. 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 15,907 shareholders, a paid-up capital of Dhs. 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
Khaleej Times
6 days ago
- Business
- Khaleej Times
Dubai Investments H1 2025 profit before tax surges to Dh546.28 million
Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market (DFM), on Tuesday reported that profit before tax for the six-month period ended 30 June 2025 stood at Dh546.28 million, compared to Dh431.68 million during the corresponding period in the previous year. For the three-month period ended June 30, 2025, the profit before tax was reported at Dh361.39 million, up from Dh309.34 million during the corresponding period in 2024. The higher profitability was driven by strong performance across the Group's core business segments, particularly real estate and manufacturing. The real estate segment demonstrated strong performance underpinned by consistent and growing rental income. The group's total assets increased to Dh22.74 billion as of 30 June 2025, compared to Dh22.10 billion as of 31 December 2024. Equity attributable to the owners of the company stood at Dh13.89 billion as of June 30, 2025, compared to Dh14.11 billion as of December 31, 2024. The group also reported a total income of Dh1.89 billion for the six-month period ended June 30, 2025, compared to Dh2.03 billion during the corresponding period in 2024. Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, said: 'Dubai Investments' performance in the first half of 2025 underscores the strength of its diversified portfolio and strategic focus on value-accretive sectors. Real estate continues to be a key contributor, supported by a stable rental portfolio and progress on high-potential development projects. At the same time, the group's manufacturing businesses have benefitted from operational efficiencies and sustained demand, reinforcing their role as essential growth pillars.' Outlook Looking ahead, Dubai Investments remains focused on accelerating growth across its core sectors, particularly real estate and financial services. The second half of 2025 will see continued progress on key projects, with Asayel Avenue at Mirdif Hills entering the early construction phase following its groundbreaking in June 2025. The phased handover of villas at Danah Bay on Al Marjan Island, Ras Al Khaimah, is progressing steadily, reinforcing the Group's commitment to timely delivery and quality execution. The Violet Tower project in Jumeirah Village Circle (JVC) is progressing as scheduled, with approximately 26 per cent of construction completed and an expected completion date in Q2 2026.
Zawya
6 days ago
- Business
- Zawya
Dubai Investments H1 2025 profit before tax surges to AED 546.28mln
Dubai, UAE: Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market (DFM), reported profit before tax of AED 546.28 million for the six-month period ended 30 June 2025, compared to AED 431.68 million during the corresponding period in the previous year. For the three-month period ended 30 June 2025, the profit before tax was reported at AED 361.39 million, up from AED 309.34 million during the corresponding period in 2024. The higher profitability was driven by strong performance across the Group's core business segments, particularly real estate and manufacturing. The real estate segment demonstrated strong performance underpinned by consistent and growing rental income. The Group's total assets increased to AED 22.74 billion as of 30 June 2025, compared to AED 22.10 billion as of 31 December 2024. Equity attributable to the owners of the Company stood at AED 13.89 billion as of 30 June 2025, compared to AED 14.11 billion as of 31 December 2024. The Group also reported a total income of AED 1.89 billion for the six-month period ended 30 June 2025, compared to AED 2.03 billion during the corresponding period in 2024. Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, commented: 'Dubai Investments' performance in the first half of 2025 underscores the strength of its diversified portfolio and strategic focus on value-accretive sectors. Real estate continues to be a key contributor, supported by a stable rental portfolio and progress on high-potential development projects. At the same time, the Group's manufacturing businesses have benefitted from operational efficiencies and sustained demand, reinforcing their role as essential growth pillars.' Outlook Looking ahead, Dubai Investments remains focused on accelerating growth across its core sectors, particularly real estate and financial services. The second half of 2025 will see continued progress on key projects, with Asayel Avenue at Mirdif Hills entering the early construction phase following its groundbreaking in June 2025. The phased handover of villas at Danah Bay on Al Marjan Island, Ras Al Khaimah, is progressing steadily, reinforcing the Group's commitment to timely delivery and quality execution. The Violet Tower project in Jumeirah Village Circle (JVC) is progressing as scheduled, with approximately 26% of construction completed and an expected completion date in Q2 2026. The Follow-On Public Offering (FPO) of Al Mal Capital REIT reflects strong investor confidence and underscores the Group's long-term strategy to scale income-generating platforms, positioning the REIT for continued expansion across resilient sectors such as education, healthcare, and industrial real estate. With a robust pipeline and a clearly defined strategic direction, Dubai Investments is poised to broaden its market presence, enhance shareholder value, and deliver long-term sustainable returns. 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 15,907 shareholders, a paid-up capital of Dhs. 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 -
Al Bawaba
6 days ago
- Business
- Al Bawaba
Dubai Investments H1 2025 profit before tax surges to AED 546.28 million
Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market (DFM), reported profit before tax of AED 546.28 million for the six-month period ended 30 June 2025, compared to AED 431.68 million during the corresponding period in the previous the three-month period ended 30 June 2025, the profit before tax was reported at AED 361.39 million, up from AED 309.34 million during the corresponding period in higher profitability was driven by strong performance across the Group's core business segments, particularly real estate and manufacturing. The real estate segment demonstrated strong performance underpinned by consistent and growing rental Group's total assets increased to AED 22.74 billion as of 30 June 2025, compared to AED 22.10 billion as of 31 December 2024. Equity attributable to the owners of the Company stood at AED 13.89 billion as of 30 June 2025, compared to AED 14.11 billion as of 31 December 2024. The Group also reported a total income of AED 1.89 billion for the six-month period ended 30 June 2025, compared to AED 2.03 billion during the corresponding period in Bin Kalban, Vice Chairman and CEO of Dubai Investments, commented: 'Dubai Investments' performance in the first half of 2025 underscores the strength of its diversified portfolio and strategic focus on value-accretive sectors. Real estate continues to be a key contributor, supported by a stable rental portfolio and progress on high-potential development projects. At the same time, the Group's manufacturing businesses have benefitted from operational efficiencies and sustained demand, reinforcing their role as essential growth pillars.'OutlookLooking ahead, Dubai Investments remains focused on accelerating growth across its core sectors, particularly real estate and financial services. The second half of 2025 will see continued progress on key projects, with Asayel Avenue at Mirdif Hills entering the early construction phase following its groundbreaking in June 2025. The phased handover of villas at Danah Bay on Al Marjan Island, Ras Al Khaimah, is progressing steadily, reinforcing the Group's commitment to timely delivery and quality execution. The Violet Tower project in Jumeirah Village Circle (JVC) is progressing as scheduled, with approximately 26% of construction completed and an expected completion date in Q2 2026. The Follow-On Public Offering (FPO) of Al Mal Capital REIT reflects strong investor confidence and underscores the Group's long-term strategy to scale income-generating platforms, positioning the REIT for continued expansion across resilient sectors such as education, healthcare, and industrial real estate. With a robust pipeline and a clearly defined strategic direction, Dubai Investments is poised to broaden its market presence, enhance shareholder value, and deliver long-term sustainable returns.
Zawya
25-06-2025
- Business
- Zawya
Dubai Investments starts work on new Mirdif Hills residential cluster
Dubai Investments, a leading investment company listed on the Dubai Financial Market, has officially broken ground on Asayel Avenue, a new residential cluster within the AED2.2 billion ($598 million) Mirdif Hills master development, featuring 193 residential apartments with a mix of one-, two-, and three-bedroom units, along with key amenities. Developed through Dubai Investment Real Estate (DIR), the real estate arm of Dubai Investments, the project marks an exciting new phase of growth for one of Dubai's most successful and established residential destinations, said the company in a statement. The AED400 million ($109 million) cluster will feature 193 well-designed residential apartments comprising one-, two-, and three-bedroom units, emphasising spacious layouts, premium finishes, and integrated smart living technologies. The project is positioned as a seamless extension of the Mirdif Hills master plan, building on the success of Janayen, Nasayem, and Al Multaqa Avenues, all of which have set new benchmarks in community living. It is set for handover by Q2 2027, it stated. The ground-breaking ceremony was attended by senior executives from Dubai Investments and DIR, along with representatives from the appointed consultants and contractors, reflecting the Group's ongoing commitment to delivering high-quality, community-focused developments that contribute to Dubai's dynamic real estate landscape. On the new project, Vice Chairman and CEO Khalid Bin Kalban said: "The ground-breaking of Asayel Avenue reflects Dubai Investments ongoing commitment to creating communities that combine value, quality, and sustainability." "Mirdif Hills has emerged as a benchmark for integrated living, and with Asayel Avenue, Dubai Investments is strengthening its presence in Dubai's residential sector by responding to growing demand for well-designed urban spaces that offer both comfort and connectivity," he added.-TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
