Page 36 - DUBAL HOLDING PR REPORT - FEBRUARY 2024

2/23/24, 11:37 AM Latest News

DUBAL Holding announces promising results of

2023 at Annual General Meeting

23/02/2024

Dubai, February 22, 2024: 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

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