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DUBAI / WAM
Dubai Investments, the leading diversified investments conglomerate listed on the Dubai Financial Market, has decided to distribute 10 percent cash dividend to its shareholders for the financial year ending December 31, 2018. A proposal to this effect was approved by shareholders at the group’s 23rd annual general meeting (AGM). The company’s shareholders also approved all other resolutions presented by the Board of Directors of Dubai Investments.
The company presented its 2018 financial results, which revealed a net profit of AED651.4 million for 2018. Total assets of the group increased by AED2.55 billion to reach AED19.6 billion as of December 31, 2018. At the AGM, Hussain Mahyoob Sultan Al Junaidy, Vice-Chairman of the Board of Directors of Dubai Investments, read out the chairman’s report highlighting the company’s growth.