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Dubal Holding posts robust 2023 net
profit of $490m
DUBAI Thu, 22 Feb 2024
The Dubal Holding AGM
Dubal Holding (DH), the investment arm of the Dubai Government in the commodities and
mining, power and energy, and industrial sectors, posted a net profit of AED1.79 billion
($490 million) in 2023. DH had a remarkable year due to its international acquisition, new
expansion as well as effective operational performance.
The results were announced at DH's annual general meeting (AGM), held under the
leadership of its chairman, Saeed Mohammed Al Tayer.
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.
Global investments
“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 including the Dubai Industrial Strategy
2030 that aims to make Dubai a preferred manufacturing platform for global businesses,
Dubai Economic Agenda (D33), Dubai Clean Energy Strategy 2050, and Dubai Net-Zero
Carbon Emissions Strategy 2050.”
https://gulfindustryonline.com/ArticleTA/419262
