Nov 03 2011 |
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Dubai Investments PJSC Reports Profit of AED264 Million for Nine Month Period Ended 30 September 2011
Dubai-UAE: 03 November, 2011 - Dubai Investments PJSC (" DI "), the largest investment company listed on the Dubai Financial Market , today announced its financial results for the nine month period ended 30 September 2011 ("the Period").
DI reported profits of AED264 million for the Period with total income at AED1.95 billion. Total Assets as on 30 September 2011 amount to AED13.8 billion while Total Liabilities amount to AED4.7 billion. Net Worth of the company stands at AED9.2 billion with a leverage ratio of less than 25%. The annualized return on share capital achieved for the Period is 9.8%.
Khalid Bin Kalban, Managing Director and Chief Executive Officer, Dubai Investments , said: "The year 2011 has been challenging for the Group. The UAE and GCC markets were impacted during the Period due to the effects of political crisis in the MENA region and European debt issues. Also subsidiaries operating in contracting and real estate sectors are impacted due to slow pace of real estate activities in the UAE. However, in light of the recent developments in the region and Europe, we believe that the situation will improve here onwards."
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Dubai Investments PJSC ( DI ) is a world-class company that invests in viable and profitable entities. With over 19,894 shareholders, and paid-up capital of AED 3.5 billion, it is the largest investment company listed on Dubai Financial Market .
Dubai Investments PJSC was incorporated in 1995, with the primary objective of investing in companies and projects.
DI has established companies encompassing a diverse range of sectors including manufacturing, food and related fast moving consumer goods, wholesale and retail trade representation, healthcare and pharmaceuticals, industrial and commercial properties, real estate management and property development, transportation, shipping, distribution and logistics, marketing and sales, publishing and telecommunications.
DI 's mission is to add value and to grow its investment portfolio through active strategic stewardship, financial engineering and leveraging its corporate brand, business promotion capabilities, network of relationships, and financial resources.
For media inquiries, please contact:
APCO Worldwide (Jiwin Public Relations)
Anindita Chatterjee
Tel: 971 4 361 3572
Mobile: 9715 556 44230
Email: achatterjee@apcoworldwide.com
Mohamed Mousa
Tel: 971 4 369 2836
Mobile: 971 55 9548658
Email: mmousa@apcoworldwide.com
© Press Release 2011
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