Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
Dubai Investments H1 Profits Surge by 47%
 
Dubai Investments  H1 Profits Surge by 47%

Dubai, 05, August 2021 - Dubai Investments PJSC, the leading diversified investment company listed on the Dubai Financial Market (DFM), has today reported a 47% surge in net profits to AED 302 million for the 6-month period ended 30 June 2021 as compared to AED 205 million for the same period last year.

The increase in net profit for the period is mainly due to enhanced performance of the manufacturing and contracting and investment segments. Total income for the period also increased by 51% to AED 1.72 billion as compared to AED 1.14 billion for the previous period as the Group ramped up sales in its property segment. 

The Group acquired additional 21.53% interest in National General Insurance PJSC (NGI) during the current reporting period. Subsequently, the Group has further acquired 15.19% interest in NGI, taking its total stake to 45.18%.  
  
Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments said, “We’re pleased to see that our activities in the first half of the year have led to all-round growth that is quite promising.  As we move forward with our plans for the latter half of 2021, we expect to continue building on the momentum and successes achieved so far. Key amongst these is our commitment to diversifying into healthcare and education, as well as focus on real estate, including the ongoing development of mixed-use communities in Mirdif Hills and Fujairah. We also continue to explore opportunities for sustainable growth across the sectors that we operate in and look forward to sharing updates on these in due course.”


Posted by : Dubai PR Network Editorial Team
Viewed 6399 times
PR Category : Banking & Investments
Posted on : Thursday, August 5, 2021  10:27:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : UAE Was Top Destination for India's Electroncis Exports and ...
Next Story : PMI Talent Gap® 2021 Report Highlights Skills Gap in the Mid...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Pandora Introduces New Limited-Edition Charm in Support of Unicef [10250-Views]
Wash Day Essentials: The Only Collection You'll Need for Perfect Curls [7433-Views]
New Program for Saudi Arabia Healthcare Professionals Targets Healthcare Management in Qat... [6101-Views]
TCS Saudi Arabia Wins World Leadership Congress Award [5174-Views]
Ixora Organic Beauty Continues Its Fight for Health With Its Latest Breast Cancer Awarenes... [5047-Views]
Malabar Gold & Diamonds Signs Up Superstar Karthi as Brand Ambassador in Tamil Nadu [4580-Views]
Oblique Creations Showcases the A/W 21 Collection in Dubai [4338-Views]
Toric Hemispheres Retrograde Steel Blue The Distinguished Traveler [3821-Views]
KENZO Sport Collection [3702-Views]
Ministry of Health to Showcase State-of-the-Art Digital Health Services at GITEX Technolog... [3645-Views]
Expo 2020 Opens a New Era for Dubai's Tourism Industry [3645-Views]
International Protein (UAE), Anda Burada (Turkey) & Shadana Yoga and SunBox from Palestine... [3534-Views]
QNET Supports Community Activity to Raise Funds for Indus Hospital in Pakistan [3493-Views]
Story of Hope: UAE Resident Shares the Importance of Early Detection this Breast Cancer Aw... [3477-Views]
Rashed Clinches Third World F2 Crown With Victory in Portugal [3469-Views]
Gift of Gold - Get Guaranteed Gold Coins with Malabar Gold & Diamonds [3407-Views]
Dubai Municipality Celebrates World Food Day [3325-Views]
Tribal Thumka Is Back With a New Flair! [3313-Views]
Award-Winning Director Joe Wright Partners with Samsung to Unveil a New Film Captured on G... [3309-Views]
du Set to Showcase Solutions that will Empower UAE Government Entities at GITEX Technology... [3169-Views]
Dazzle This Diwali Season With Tanishq [3128-Views]
QS Arab Region Rankings 2022: Abu Dhabi University Ranks Among the Top 21% of Educational ... [3112-Views]
Rivoli Group Launch OMEGA's New ad Campaign for the 007 Edition timepiece on Burj Khalifa [3104-Views]
Zoho Unveils New Cutting-edge Apps and Services in Zoho One, The Operating System for Busi... [3104-Views]
Food Waste takes the stage to mark World Food Day at EXPO 2020 [3018-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories