Dubai Investments has approved a 12.5% cash dividend and is looking to broaden its investment portfolio.
Dubai Investments, a leading investment company based in the UAE, has recently approved a cash dividend of 12.5%. This is in line with the company’s continued commitment to create value for its shareholders.
The cash dividend approval comes after Dubai Investments’ impressive financial performance in the past year, which saw the company’s net profit increase by 19%. The company’s total assets also increased to AED 23.8 billion, indicating strong growth potential.
Dubai Investments’ Chairman, Khalid Bin Kalban, stated that the cash dividend decision is part of the company’s strategy to reward its shareholders for their continued support and trust. He added that the decision is also a testament to the company’s strong financial position and its ability to generate sustainable returns for its shareholders.
In addition to the cash dividend, Dubai Investments is also looking to expand its investment portfolio. The company has a strong track record of successful investments in various sectors, including real estate, manufacturing, and financial services. With its growing financial strength, the company is now looking to invest in new opportunities that align with its long-term growth strategy.
Dubai Investments’ CEO, Muhammad Al Gergawi, highlighted that the company is exploring investment opportunities in various sectors, including technology, healthcare, and renewable energy. He noted that the company’s investment strategy is focused on sustainable growth and generating long-term value for its shareholders.
The company’s focus on sustainability is also reflected in its recent investment in a solar power plant in Dubai. Dubai Investments partnered with Abu Dhabi-based renewable energy company, Masdar, to develop the 200-megawatt solar photovoltaic plant, which is expected to generate clean energy for up to 320,000 households in Dubai.
Dubai Investments is also exploring opportunities in the healthcare sector, particularly in the areas of medical equipment manufacturing and healthcare services. The company has already made significant investments in the healthcare sector, including a 40% stake in Globalpharma, a leading pharmaceutical company based in the UAE. In addition, Dubai Investments has developed a number of cutting-edge technologies to improve healthcare outcomes and patient safety. These include an advanced medical imaging system, a predictive analytics platform for disease management and risk assessment, and various other solutions designed to enhance the delivery of healthcare services in the region. With its experience in the sector and leading-edge technology solutions.
The company’s expansion plans also include a focus on technology, with investments in emerging technologies such as artificial intelligence (AI) and blockchain. Dubai Investments recently invested in a UAE-based startup, which is developing a blockchain-based platform for supply chain management.
Dubai Investments’ diversification strategy has been successful so far, with the company’s investments in various sectors providing a steady stream of revenue and growth opportunities. The company’s manufacturing and real estate sectors, in particular, have been performing well, with a number of successful projects completed in the past year.
Dubai Investments’ real estate division has been particularly active in the UAE’s booming property market. The company has completed several high-profile real estate projects, including the Mirdif Hills development, a mixed-use project featuring residential and commercial units.
The company’s manufacturing division, on the other hand, has been expanding its operations globally, with investments in India, Africa, and Europe. The division has also been focused on developing sustainable manufacturing processes, with a particular emphasis on reducing carbon emissions and waste.
In conclusion, Dubai Investments’ recent approval of a cash dividend and its plans to expand its investment portfolio demonstrate the company’s commitment to creating long-term value for its shareholders. With a strong financial position and a diversified investment strategy, the company is well-positioned to capitalize on new growth opportunities and drive sustainable growth in the years to come.
