Page 23 - DUBAL HOLDING PR REPORT - FEBRUARY 2024

2/26/24, 11:07 AM DUBAL Holding records Dhs1.79b net profit | The Print

DUBAL Holding records Dhs1.79b net pro t

Press Room Published February 22, 2024
Last updated: 2024/02/22 at 3:07 PM

DUBAL Holding (DH), the investment arm of the Dubai Government in the commodities and mining,

power and energy, and industrial sectors, recorded a net pro t of Dhs1.79 billion in 2023, representing
another year of good performance for the group. The results were announced at DUBAL Holding’s

annual general meeting (AGM), held under the leadership of its chairman, Saeed Mohammed Al Tayer.

Members of the board and management of DUBAL Holding were present at the meeting, along with its

auditors and shareholder representative from Investment Corporation of Dubai (ICD). DH had a
remarkable year due to its international acquisition, new expansion as well as e ective operational

performance.

Saeed Mohammed Al Tayer, Chairman of DUBAL Holding, said, “We are working diligently in line with

the directives of our wise leadership. With its vision that shapes the future, we made an early investment
in the aluminium industry.

This strategic direction contributed to enhancing the competitiveness of the UAE and Dubai in the global
aluminium markets. When re ecting on the successes of 2023, we are on track to make global 

https://theprint.ae/dubal-holding-records-dhs1-79b-net-profit/ 1/2