Dubai Investments profits rise 2.7% in FY15

Dubai-Mubasher: Dubai Investments reported net profits of AED 342.14 million ($93.13 million) in the fiscal year 2015, up 2.7% from AED 340 million ($92.54 million), according to a bourse filing on Monday.

CEO and Managing Director Khalid Bin Kalban earlier told UAE newspapers that Dubai Investments is expected to generate net profits of AED 150-200 million in 2015.

Bin Kalban previously said in an interview with Mubasher magazine that Dubai-listed firm plans to pump more than AED 5 billion worth of investments in the coming three years.

Mubasher Contribution Time: 01-Feb-2016 05:57 (GMT)