Dubai Investments registered AED 1.60 billion net profits in 2022, compared to AED 619.48 million in 2021.

Revenues enlarged to AED 4.12 billion last year from AED 3.41 billion in the 12-month period that ended on 31 December 2021, according to the preliminary income statements.

The earnings per share (EPS) settled at AED 0.38 last year, versus AED 0.15 in 2021.

Meanwhile, the total assets reached AED 20.42 billion in the January-December 2022 period, lower than AED 21.77 billion a year earlier.

In the first nine months (9M) of 2022, the net profits attributable to the owners of Dubai Investments hiked by 227% year-on-year (YoY) to AED 1.48 billion from AED 455.60 million.

Last month, the UAE-based firm acquired a 9% equity in Monument Bank Limited, a UK-based digital bank.

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