Dubai Investments expects 26% increase in net profits

Dubai Investments, the largest investment company listed on the Dubai Financial Market (DFM), today announced in a statement to the DFM that it expects a 26 per cent year-on-year increase in net profits for the first quarter of this year.

The firm said it expects to make net profits of Dh265m in the first quarter ended March 31, 2014, compared to the Dh211 million net profits it announced in the first quarter of 2013.

The company held its 18th Annual General Meeting (AGM) and an Extraordinary General Meeting (EGM) yesterday (April 22).

The agenda for the AGM included the recommendation of the Board of Directors on the distribution of 7 per cent cash dividend and 5 per cent bonus shares for the year ended December 31, 2013.

Incorporated in 1995, Dubai Investments is a leading investment company listed on Dubai Financial Market with almost 20,000 shareholders, and paid-up capital of Dh3.5 billion.

Dubai Investments’ portfolio comprises of six large investment units – Glass LLC, Dubai Investments Industries, Masharie Company, Dubai Investment Park, DI Real Estate Company, and Al Taif Investment.

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