Dubai-Mubasher: Dubai Holding posted net profits of AED 5.83 billion ($1.6 billion) for 2015, growing 25% year-on-year from AED 4.68 billion ($1.27 billion).
The group’s total revenues were up 15% to AED 14.53 billion, compared to AED 12.63 billion a year ago.
“Dubai Holding continues to make big strides in its successful strategy aimed at creating an innovation driven knowledge-based economy. This comes in line with Dubai’s long-term ambition to transform into the smartest and most productive city in the world," said Chairman Mohammad Al-Gergawi.
The growth was supported by strong performance from the firm’s business units TECOM Group, Jumeirah Group and Dubai Properties Group.
The company's targets an annual profit of AED 10 billion in four years.
