Dubai Investments achieved a net profit of 47%, amounting to 302 million dirhams for the first half of 2021, compared to 205 million dirhams in the same period last year.
According to Ariya Net, the multi-investment company listed on the Dubai Financial Market attributed this rise during the first half of this year to an improvement in its performance in the manufacturing, contracting and investment sectors.< /p>
The company's data showed an increase in total income for the mentioned period by 51% to reach 1.72 billion dirhams, compared to 1.14 billion dirhams for the same period last year, thanks to the growth of Group sales in the real estate sector.
Dubai Investments acquired an additional 21.53% stake in the National General Insurance Company during the first half of 2021, and the group subsequently acquired a 15% stake, 19% in the company, raising its total stake to 45.18%.
Khalid Bin Kalban, Vice Chairman and Chief Executive Officer of Dubai Investments, said: We are pleased that our activities during the first half of 2021 have resulted in such an integrated and promising growth, As we move forward with our plans for the second half of the year, we seek to build on the successes we have achieved to date, and we will remain committed to diversifying our investments in the healthcare and education sectors with a focus on real estate, including the ongoing development of mixed-use residential communities in Mirdif Hills and Fujairah. Also exploring opportunities for sustainable growth across all sectors in which we operate.
