Dubai Investments announces 12% cash dividend to shareholders

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The team reported revenue attributable to the investors of the firm of Dh619.49 million for the year finished December 31, 2021 as contrasted to Dh347.55 million in the previous year

Dubai Investments, the leading varied investment firm detailed on the Dubai Financial Market (DFM), has actually revealed the circulation of 12 percent money reward to the investors for the fiscal year finishing December 31, 2021. A proposition to this result was accepted by the investors at the firm’s 26th yearly basic conference (AGM) on April 11, 2022.

The team reported revenue attributable to the investors of the firm of Dh619.49 million for the year finished December 31, 2021 as contrasted to Dh347.55 million in the previous year. The 78 percent rise in the web revenue was an outcome of raised income on the back of a better efficiency by the team’s organization systems.

Talking at the AGM, Abdulrahman Ghanem Abdulrahman Al Mutaiwee, chairman of Dubai Investments, validated that the team will certainly remain to take a sensible technique in taking care of the varied profile with the goal of unloading fully grown properties and also keeping liquidity.

He additionally discussed that the firm will certainly remain to analyze possibilities to expand the team’s organization, either via mergings and also procurements or by broadening existence throughout the area.

The firm’s investors accepted all various other resolutions provided by Dubai Investments board of supervisors at the yearly basic conference.

— muzaffarrizvi@khaleejtimes.com