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FINANCIAL NEWS
Dubai Investments logs 30 percent net profits rise in Q3
29 Oct 2015
(MENAFN) Dubai Investments saw its gross profits climb 30 percent to USD66.9 million over July-Sept period as opposed to USD51.4 million for last year’s corresponding timeframe, according to the latest reports.
As for the first nine months, profit touched USD204.6 million, edging down from 2014’s USD270.8 million, whereas overall revenue for the cited period totaled USD506 million against prior year’s USD647 million.
Furthermore, Dubai Investments completed the purchase of a 59.66 percent stake in Al Mal Capital PSC at the beginning of this year thus raising its shareholding in the company to 60.86 percent.
“Several new investment proposals are currently under evaluation, with some of them in advanced stages of negotiations and the outlook for the rest of 2015 is very positive,” said the firm’s managing director and CEO.
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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