Dubai – Mubasher: Dubal Holding (DH), the investment arm for the Government of Dubai, on Wednesday reported a 10% increase in its net profits for the full year 2016.
DH’s net profits increased reached AED 1.04 billion, while net assets amounted to AED 18.6 billion in 2016, chairman Hamdan bin Rashid Al Maktoum stated at the company’s third annual general meeting (AGM).
“DH has always played a key role in supporting and diversifying the national economy through focusing on leading Dubai's investments in energy, mining, refining, commodities and other industrial projects," DH’s vice chairman Saeed Mohammed Al Tayer said, according to a statement.
Meanwhile, DH’s CEO, Abdulnasser bin Kalban revealed that the company was currently evaluating a number of investment opportunities in the fields of commodities and mining mainly in gold, copper, zinc, bauxite and potash in the US, Canada, Australia and Chile.
“Few investment opportunities in the aluminum downstream are also being evaluated to boost domestic consumption of EGA aluminum, which would result in value addition, creation of more jobs and support the promotion of aluminum cluster in the UAE,” bin Kalban added.
