Dubai Investments Q1 profit up 25%

DUBAI / WAM

Dubai Investments has announced strong Q1 financial results, announcing that net profit increased by 25% to AED362 million as compared to AED289 million for Q1 2017.
Khalid bin Kalban, Managing Director and CEO of Dubai Investments, said, “Dubai Investments is pleased to announce strong Q1 results which has been driven by the strategic acquisition of additional 50% stake in Emirates District Cooling (Emicool).”
Kalban added, “The Company has a strong pipeline of ongoing real estate developments such as Mirdif Hills and are also working on several other projects and transactions which will continue to enhance shareholder’s value.”