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Aramco, unit and Sinopec ink $4bn deal

The two companies will establish a joint venture company.

Etihad unveils new A321LR aircraft

A321LR features First Suite - a private, enclosed space with a sliding door.

stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Dubai Investments okays 12.5% dividends

The board's recommendation to expand the board's size from seven to nine members was accepted by the shareholders. (WAM)
By Hilal Mir
April 28, 2023 10:11 pm
  • The surge in net profit was attributed to disposal of controlling interest on retained investment in Emirates District Cooling.
  • The Board of Directors' recommendation to expand the board's size from seven to nine members was accepted by the shareholders.

Dubai, UAE — Dubai Investments, a Dubai Financial Market-listed diversified investment company, will pay 12.5 percent cash dividend to the shareholders for 2022.

The group reported AED1.60 billion as profit attributable to the shareholders for 2022, compared to AED619.49 million in the previous year.

This surge in the net profit was a result of the gain on disposal of controlling interest and fair value gain on retained investment in Emirates District Cooling, amounting to AED 980.42 million, the company said.

The Board of Directors’ recommendation to expand the board’s size from seven to nine members was accepted by the shareholders.

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