Page 28 - DUBAL HOLDING PR REPORT - FEBRUARY 2024

Dubal Holding records Dh1.79

billion net profit for 2023

Company is investing across the globe to secure strong returns
by

A Staff Reporter

Published: Thu 22 Feb 2024, 3:24 PM
Last updated: Wed 28 Feb 2024, 4:53 PM
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 Dh1.79 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, 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.
Al Tayer 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 successes of 2023, we are on track to make global investments
in a range of industries to provide growth and long-term financial returns for our
shareholder. Our investments are also driven by a commitment to building a
greener future and have supported ambitious and sustainable initiatives

https://www.khaleejtimes.com/business/dubal-holding-records-dh1-79-billion-net-profit-for-
2023