Dubai Investments ha registrato un utile netto di 1,3 miliardi di AED prima delle imposte per il 2024, con un aumento del 21% rispetto all'anno precedente.
Dubai Investments PJSC reports record-breaking growth and future expansion plans
Dubai Investments PJSC, a diversified investment company listed on the Dubai Financial Market (DFM), has reported significant growth in its operations for the fiscal year ending December 31, 2024.
The company's total sales in property transactions amounted to AED 1.03 billion, marking an increase of AED 201.8 million compared to the previous year. This growth is a testament to the robust performance of Dubai Investments across its real estate and investment segments.
Khalid Bin Kalban, the Vice Chairman and CEO of Dubai Investments PJSC, has stated that the company's focus remains on expansion. He has outlined strategic approaches that include preparing for a public listing of Dubai Investments Park Development Co. to capitalize on Dubai's booming real estate market. The proceeds from this listing are intended to be used for expanding into other parks.
Bin Kalban also emphasized the company's commitment to global expansion and cross-border partnerships. One such partnership is a strategic real estate development agreement with Angola’s Sovereign Wealth Fund, which focuses on sustainable growth, investment diversification, and urban innovation.
In addition to real estate, Dubai Investments is strengthening its investments in sectors like healthcare, education, financial services, AI, and business services. The net debt-to-equity ratio of Dubai Investments PJSC is 21.9%, with equity attributable to owners standing at AED 14.11 billion. Total assets of the company grew to AED 22.10 billion, and the company's total income for the same period rose to AED 4.66 billion.
For the fiscal year ending December 31, 2024, Dubai Investments PJSC reported a net profit before tax of AED 1.3 billion, a 21% increase from AED 1.07 billion in 2023. Rental income for the company reached AED 1.05 billion, accounting for 22.6% of total income.
Looking ahead, Dubai Investments aims to expand Al Mal Capital REIT's portfolio, and stable cash dividends are expected from this expanded portfolio. The company is also optimizing its investment portfolio by reassessing non-core assets to enhance efficiency.
Exploring divestments and IPO opportunities for select Group companies is another part of Dubai Investments' strategy. The company is also evaluating investment opportunities across MENA and other regions.
The Board of Directors has recommended a cash dividend of 18% (AED 0.18 per share) for 2024. The Violet Tower real estate project is set for completion by Q4 2026. Under Bin Kalban's leadership, Dubai Investments pursues growth through mergers, acquisitions, and business expansions, aiming for long-term sustainable returns and capital growth. The company aims to navigate market dynamics and drive sustainable value creation with a disciplined and forward-looking approach.
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