Page 49 - DUBAL HOLDING PR REPORT - FEBRUARY 2024

2/23/24, 11:39 AM PRESSR: DUBAL Holding announces promising results of 2023 at Annual General Meeting — TradingView News
PRESSR: DUBAL Holding

announces promising results

of 2023 at Annual General

Meeting

Feb 22, 202414:51 GMT+4

Dubai: 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 make Dubai a preferred manufacturing

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