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Mid East Info
05-08-2025
- 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
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.
