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Dubai Investments records higher profits in 2021; dividends proposed

Dubai Investments records higher profits in 2021; dividends proposed
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Dubai Investments
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-0.95% 2.08 -0.02

Dubai – Mubasher: The net profits attributable to the owners of Dubai Investments jumped to AED 619.48 million in 2021, compared to AED 347.55 million in 2020, according to the company's consolidated financials for the year ended 31 December 2021.

The company generated an income of AED 3.41 billion in 2021, up from AED 2.67 billion in the earlier year.

The basic and diluted earnings per share (EPS) settled at AED 0.15 last year, versus AED 0.08 in 2020.

Meanwhile, the company's board has recommended a cash dividend distribution, equivalent to 12% of the company's capital, for 2021.

It is noteworthy to mention that during the first nine months (9M) of 2021, the company reported a 9% increase in net profits attributable to the owners to AED 455.6 million, compared to AED 418.069 million in the year-ago period.