DUBAI, Jan 30 (Reuters) - Dubai Investments DINV.DU , a conglomerate in which sovereign fund Investment Corp of Dubai owns an 11.5 percent stake, reported a 2.9 percent rise in fourth-quarter net profit on Monday, according to Reuters' calculations.

* Profit was 368.5 million dirhams ($100.3 million) in the three months to Dec. 31, compared with a profit of 358.1 million dirhams in the corresponding period of 2015.

* Reuters made the calculation using financial statements in lieu of a quarterly earnings breakdown.

* For the full-year of 2016 net profit reached 1.22 billion dirhams, up from 1.11 billion dirhams in 2015, it said in a statement.

($1 = 3.6729 UAE dirham)

(Reporting by Tom Arnold, editing by Louise Heavens) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))