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FINANCIAL NEWS
Dubai Investments Co. posts 97% rise in Q1 profit
08 May 2013
(MENAFN) Dubai Investment CEO, Khalid Kalban, announced that the company’s net profit grew a massive 97 percent for the first three months this year to USD57.4 million, reported Khaleej Times.
He attributed the company’s exceptional performance to an increase in investor confidence and an active real estate market.
Dubai’s largest investment firm reportedly has a USD952 million capital, invested in many different sectors.
It is worth mentioning that the company plans to issue USD300 million Sukuk some time this quarter.
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