Dubai - Mubasher: Dubai Holding reported on Saturday that it has achieved a growth in profits in 2016 by 8%, as shown by the company’s financial statements.
Net profits totaled AED 6.32 billion last year compared to AED 5.83 billion in 2015, according to the company’s statement.
Annual revenues also increased by 16.8% to AED 16.84 billion.
The company’s chairman, Mohammad Abdullah Al Gergawi, has announced that his mission as chairman of Dubai Holding had come to an end, after receiving the approval of Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
