Page 47 - DUBAL HOLDING PR REPORT - FEBRUARY 2024

2/23/24, 11:39 AM DUBAL Holding announces promising results of 2023 at Annual General Meeting - Middle East News 247

DUBAL Holding announces promising results of

2023 at Annual General Meeting

By Middle East News 247 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 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 including the Dubai Industrial Strategy 2030 that aims to

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