Page 34 - DUBAL HOLDING PR REPORT - FEBRUARY 2024

DUBAL Holding announces

promising results of 2023 at Annual

General Meeting

February 22, 2024
7

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 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

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