Dubai Investments PJSC (DICU25)

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News

18 April 2019 05:23 PM Dubai Investments plans to set up AED 2bn real estate fund

Dubai – Mubasher: Dubai Investments is looking to set up a real estate fund worth AED 2 billion ($544.5 million) in the near future, CNBC reported, citing the firm’s managing director and CEO as saying. The firm’s contribution to the fund is …

Company News

18 April 2019 10:36 AM Dubai Investments nods to 10% dividend for FY18

Dubai – Mubasher: The shareholders of Dubai Investments approved distributing 10% of the capital as cash dividend for fiscal year 2018. Dubai Investments will pay 10 fils per share to the entitled shareholders as dividends at a total share of AED …

Cash Dividends

7 April 2019 11:21 AM Dubai Investments Park inks $86m DEWA substation deal

Dubai – Mubasher: Dubai Investments Park (DIP), a 100% subsidiary of Dubai Investments (DIC), on Sunday announced signing an $86 million agreement with ABB Industries to commission a new substation of Dubai Electricity and Water Authority (DEWA) …

Company News

24 March 2019 01:22 PM Dubai Investments assets hit AED 19.6bn in Q1 - CEO

Dubai – Mubasher: Dubai Investments’ total assets reached AED 19.6 billion during the first quarter of 2019, the firm’s CEO, Khalid bin Kalban, told Al Bayan newspaper. He added that the company targets total assets of AED 20 billion by 2020. The …

Macroeconomics

13 March 2019 11:38 AM Dubai Investments recommends 10 fils/shr dividends for 2018

Dubai – Mubasher: Dubai Investments announced that its board has recommended distributing 10 fils per share as dividends for the full-year 2018. This represents 10% of the capital, worth a total AED 425.2 million, the company said in a statement …

Cash Dividends

13 February 2019 08:29 PM Dubai Investments pays $36.3m for majority stake in Globalpharma

Dubai – Mubasher: Dubai Investments announced on Wednesday the payment of $36.3 million (AED 133.2 million) in consideration of an additional stake of 66% in Globalpharma. The final value of the deal will be disclosed following the completion of …

Companies Investments

7 February 2019 04:21 PM Dubai Investments posts 53.5% profit decline in 12M

Dubai – Mubasher: Dubai Investments reported a 53.53% year-on-year drop in net profits during the full year of 2018, recording AED 651.38 million. That decline stemmed from the decrease in the fair value of investment properties, the Dubai-listed …

Financial Results

7 February 2019 09:31 AM Dubai Investments acquires further 66% stake in pharmaceutical firm

Dubai – Mubasher: Dubai Investments, listed on the Dubai Financial Market (DFM), on Thursday announced it has purchased an additional stake of 66% in Globalpharma. Accordingly, Globalpharma is now a wholly owned subsidiary of Dubai Investments, …

Corporate Actions

31 January 2019 11:55 AM DIC inks $300m loan with Emirates NBD

Dubai – Mubasher: Dubai Investments Park Development Company (DIPDC), a 100% subsidiary of Dubai Investments (DIC), on Thursday announced that has signed a $300 million bilateral term loan facility with Emirates NBD. The 5.5-year loan will be …

Banking and Finance

23 January 2019 00:12 PM Dubai Investments’ unit mulls 5-yr sukuk issue

Dubai – Mubasher: Dubai Investments Park, the wholly-owned subsidiary of Dubai Investments, has mandated five joint lead managers and bookrunners to arrange meetings with fixed income investors before its planned five-year sukuk issue. Dubai …

Sukuk and Islamic Finance

20 January 2019 09:41 AM Built-up warehouse, commercial sub-leases surpassed 5m square feet in 2018 - DIP

Dubai – Mubasher: Dubai Investments Park (DIP) on Sunday announced that the built-up warehouse, office and commercial unit space sub-leased at Dubai Investments Park passed an area of 5 million square feet during the full-year 2018.  The buildings …

Companies Investments

26 November 2018 09:44 PM Dubai Investments buys 20% stake in Clemenceau Medical Centre

Dubai – Mubasher: Dubai Investments revealed that it has acquired a 20% stake in Clemenceau Medical Centre (CMC) in an equity partnership with Khansaheb Investments. The center’s total cost amounted to AED 465 million ($126.5 million). “Healthcare …

Companies Investments

25 November 2018 08:51 AM Dubai Investments acquires 20% stake in $127m Dubai medical centre

Dubai – Mubasher: Dubai Investments on Sunday unveiled a new investment as part of its bid to expand its healthcare portfolio. The Dubai-listed investment firm acquired a 20% stake in an equity partnership in Dubai’s Clemenceau Medical Centre …

Companies Investments

14 November 2018 10:01 AM MSCI adds 3 UAE firms to EM Small Cap Index

By: Mahmoud Gamal Dubai – Mubasher: The semi-annual review of the MSCI Emerging Market (EM) index revealed the addition of three companies listed on the Dubai Financial Market (DFM), along with removing four firms from the index. The amendments …

Ratings

13 November 2018 00:01 PM Ajman Bank’s stock sees AED 60m bulk deal Tuesday

Dubai — Mubasher: A bulk transaction was executed on Ajman Bank’s stock on Tuesday at a combined value of AED 60 million, or AED 0.94 per share, on the Dubai Financial Market (DFM). Under the deal, the emirate of Ajman’s ruler Sheikh Humaid bin …

Trading Activities

1 November 2018 09:27 AM Dubai Investments Q3 profit drops 33%

Dubai – Mubasher: Dubai Investments, listed on the Dubai Financial Market (DFM), on Thursday reported a 33% year-on-year decline in net profit for the third quarter of 2018. Net profit totalled AED 200.67 million in the three-month period ended …

Financial Results

2 October 2018 10:22 AM Dubai Investments to showcase megaprojects at Cityscape Global 2018

Dubai – Mubasher: Dubai Investments on Tuesday announced its real estate projects it will showcase its portfolio at Cityscape Global 2018 starting 2 to 4 October at stand SAH10A in Trade Centre Arena at the Dubai World Trade Centre (DWTC). The …

Event

30 September 2018 09:32 AM Dubai Investments completes 50% of Mirdif Hills

Dubai – Mubasher: Dubai Investments on Sunday announced construction work at its AED 3 billion project Mirdif Hills was 50% complete. Project construction is moving according to plan with Janayen Avenue reaching 54% completion, while Nasayem …

Companies Investments

31 July 2018 10:00 AM Dubai Investments Q2 profits fall 32.4%

Dubai – Mubasher: Dubai Investments, listed on the Dubai Financial Market (DFM), on Tuesday reported a 32.4% year-on-year decline in net profit for the second quarter of 2018. Net profit stood at AED 129.1 million in the three-month period ended …

Financial Results

21 June 2018 00:47 PM Dubai Investments’ JV to complete AED 460m project ahead of schedule

Dubai – Mubasher: Dubai investments Company (DIC) has announced that the AED 460 million Fujairah Business Centre project, which is developed by DIC’s joint venture (JV) Al Taif Investment, is progressing ahead of schedule. Al Taif Investment …

Real estate

7 May 2018 10:54 AM Dubai Investments’ net profit soars 25% in Q1

Dubai – Mubasher: Dubai Investments Company (DIC) reported a 25% increase in net profit during the first quarter of 2018. The company’s net profit registered AED 361.9 million in Q1-18, compared to AED 289 million in the year-ago period, according …

Financial Results

3 May 2018 03:36 PM Dubai Investment's Emicool wins contract to build 60,000 TR cooling plant

Dubai – Mubasher: Dubai Investment Company (DIC) has announced that its wholly-owned unit, Emirates District Cooling (Emicool), was awarded a contract to build a cooling plant with a capacity of 60,000 tonnes of refrigeration (TR) that will serve …

Companies Investments

20 April 2018 10:28 PM DIC to create new AED 3bn REIT

Dubai - Mubsher: Dubai Investments Company (DIC) is set to launch a new real estate investment trust (REIT) and list on the Dubai Financial Market (DFM(, according to company’s managing director Khalid Kalban. The AED 3 billion fund will see more …

Companies Investments

19 April 2018 09:57 AM Dubai Investments nods to AED 510m dividends for FY17

Dubai – Mubasher: Shareholders of Dubai Investments have approved the distribution of 12%, or 12 fils per share cash dividend, for the financial year ended December 2017. Total cash dividends amount to around AED 510.24 million, the UAE leading …

General Assembly

20 March 2018 02:05 PM Al Mal Capital to arrange 2 IPOs in 2018

Dubai – Mubasher: Al Mal Capital, a subsidiary of Dubai Investments, is working now on listing one or two companies on the Dubai Financial Market (DFM) by the end of 2018, company CEO Naser Nabulsi said.  Al Mal Capital’s investments in various …

Initial Public Offerings