Dubai Investments Company announced yesterday that it achieved a net profit of 213 million dirhams during the third quarter of this year, an increase of 102%, compared to 105 million dirhams in the same period last year.
The company stated in a statement that it achieved a net profit for the nine months ending on September 30, 2020, amounting to 418 million dirhams, compared to 458 million dirhams for the same period in 2019.
She added that the total revenues for the first nine months of this year amounted to 1.90 billion dirhams, while total assets rose to 21.5 billion dirhams by the end of the third quarter of 2020, compared to 20.6 billion dirhams during the same period last year.
Deputy Chairman and Chief Executive Officer of “Dubai Investments”, Khalid bin Kalban, said that “despite the difficult circumstances, Dubai Investments managed to achieve a strong performance during the third quarter,” stressing that “various activities and businesses in general have started to register.” Recovery ».
He added that “careful review, analysis and optimal utilization of resources, along with the company’s growth strategy, are key factors to enhance the ability to overcome challenges in doing business,” noting that “the anticipated launch of the real estate investment fund by (Al Mal Capital), one of the subsidiaries of ( Dubai Investments), is one example of this.
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