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Investment Corporation of Dubai (ICD), the emirate’s sovereign wealth fund, posted a net profit attributable to the owners of 53.2 billion dirhams ($14.5 billion) for the full-year 2024, versus net profit of AED 50.34 billion in the previous year.
Revenue grew to AED 349.6 billion while assets rose to AED 1.47 trillion, compared with AED 1.32 trillion in the previous year.
ICD’s portfolio spans across sectors. It owns Emirates airline and has stakes in various top companies including Emirates NBD, Commercial Bank of Dubai, Emaar Properties and Emirates National Oil Co.
(Writing by Brinda Darasha; editing by Seban Scaria)
