Page 30 - DUBAL HOLDING PR REPORT - FEBRUARY 2024

DUBAL Holding records

Dhs1.79b net profit

• 18 hours ago
•

Officials during the DUBAL Holding’s annual general meeting.
DUBAL Holding (DH), the investment arm of the Dubai Government in the
commodities and mining, power and energy, and industrial sectors, recorded a net
profit 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 effective 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 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.
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