Dubai Investment Company rang the bell of the Dubai Financial Market yesterday to celebrate the silver jubilee of its founding and the launch of its investment activities in the UAE, pointing to its accumulated net profit of 14.5 billion dirhams over the past 24 years. A statement issued yesterday stated that Dubai Investment is one of the most active companies in terms of trading in the market, as the value of trading on its shares, since its listing on the market until the end of last June, reached 169.5 billion dirhams, through more than 1.2 million deals on 47 billion shares.

Notable company

"We are delighted to host this special bell ringing event, on the occasion of the Silver Jubilee of Dubai Investment Company, as it is one of the most prominent companies listed on the market since its launch on March 26, 2000," said Dubai Financial Market Chairman, Issa Kazim.

He added: “We look forward to strengthening our relationship with (Dubai Investment), so that it can continue to benefit from the many advantages offered by listing on the Dubai Financial Market, both in terms of strengthening relations with the huge market base of investors that exceed 845 thousand investors, as well as applying best practices Globality in terms of disclosure, transparency, governance and investor relations, which will benefit its shareholders. ”

Sound policies

In turn, Khalid Bin Kalban, Vice Chairman and Chief Executive Officer of “Dubai Investment” said that the company, since its establishment, has succeeded in raising the value of shareholders and investors ’rights significantly, through adopting sound policies and a future vision to establish strategic investments and implement operations Successful acquisitions, and lucrative exits. He added that among the long-term goals that the company is looking forward to achieve are focusing on diversified investments by engaging in smart investments, targeting diverse sectors, and entering into strategic investments and services locally and internationally.

Net profit

According to the company’s statement, the number of shareholders in Dubai Investment Company amounts to 16,502 shareholders (as of June 2020). The company recorded a growth in the value of shareholders' equity, from 650 million dirhams to 12 billion dirhams (until December 2019).

Also, during those years, what it distributed to shareholders amounted to 6.59 billion dirhams, as cash dividends and bonus shares. The company recorded a accumulated net profit of 14.5 billion dirhams, with an investment return of 21% over the past 24 years.

AED 21 billion in total assets

After Dubai Investment Company managed to record growth in paid-up capital from 650 million dirhams to 4.25 billion dirhams, the company’s total assets have grown from 718 million dirhams since inception to reach 21 billion dirhams until December 2019, thanks to its focus on steady growth in Its assets, with strategic planning for exiting business. The company witnessed a growth in the annual revenue, as it increased from 68 million dirhams to 2.9 billion dirhams for the year ended December 31, 2019.

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