Page 25 - DUBAL HOLDING PR REPORT - FEBRUARY 2024

2/23/24, 11:35 AM DUBAL Holding announces promising results of 2023 at Annual General Meeting

DUBAL Holding Annual General Meeting. Image Courtesy: DUBAL Holding
DUBAL Holding announces promising results of

2023 at Annual General Meeting

Recording a net profit of AED 1.79 billion in 2023

Press Release

February 22, 2024

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

mining, power and energy, and industrial sectors, recorded a net profit of AED 1.79 billion in 2023,
representing another year of good performance for the group. The results were announced at DH 's
annual general meeting (AGM), held under the leadership of its chairman, His Excellency Saeed
Mohammed Al Tayer.

Members of the board and management of DH 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 effective operational performance.

HE 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 reflecting on the

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