Dubai Investments PJSC (DICU25)

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News

20 March 2018 00:37 PM DIC, investor consortium to launch Arkan Bank

Dubai – Mubasher: Dubai Investments (DIC), in collaboration with a group of investors, announced the establishment of Arkan Bank with paid-up capital AED 367.25 million, and authorised capital at AED 836.25 million. The bank’s shares will be …

Companies Investments

18 March 2018 10:22 AM DIC’s unit sells AED 35m stake in Drive Dubai

Dubai – Mubasher: Dubai Investments (DIC) on Sunday announced that its wholly subsidiary Masharie has divested its 50% stake in Dubai International Driving Centre (Drive Dubai). DIC has sold Masharie’s stake in Drive Dubai at AED 35 million, …

Companies Investments

28 February 2018 01:25 PM Dubai Investments adjusts shareholding ceiling for foreigners, nationals

Dubai – Mubasher: Dubai Investments Company (DIC) changed its shareholding ceiling for foreigners and nationals to 49% and 100%, respectively, according to a filing to the Dubai Financial Market (DFM). Dubai Investments posted a 54% decline in its …

Management Decisions

12 February 2018 03:15 PM Dubai Investments injects AED 73m into Africa Crest Education

Dubai – Mubasher: Dubai Investments on Monday announced that it would pump AED 73.4 million ($20 million) in direct investments into Africa Crest Education Holdings (ACE). The investment will fund schools development projects managed by SABIS, an …

Companies Investments

12 February 2018 11:50 AM Dubai Investments to launch Emicool’s IPO in Q4

Dubai – Mubasher: Dubai Investments plans to sell shares in its cooling unit Emicool in the fourth quarter of 2018 and to establish an AED 3 billion ($817 million) real estate investment trust to boost its profits, CEO Khalid Bin Kalban told …

Companies Investments

11 February 2018 08:31 AM Dubai Investments posts AED 1bn profits in 2017

Dubai – Mubasher: Dubai Investments on Sunday reported a net profit of AED 1.001 billion ($270 million) attributable to shareholders in the fiscal year 2017, down from AED 1.218 billion ($330 million) in the year before. Net operating profit for …

Financial Results

7 February 2018 10:40 AM Dubai Investments completes 30% of Mirdif Hills

Dubai – Mubasher: Dubai Investments announced that it has completed 30% of the construction of the AED 3 billion Mirdif Hills project. About 31% of Janayen Avenue construction is completed, including the fourth floor's slabs, while 34% of Nasayem …

Companies Investments

28 January 2018 10:19 AM Al Mal MENA Equity Fund posts hefty returns in 2017

Dubai – Mubasher: Al Mal Capital, a Dubai Investments’ unit, announced that Al Mal MENA Equity Fund had reported significant returns in 2017. Al Mal MENA Equity Fund’s returns after fees surged 19% last year. The fund's generous returns were …

Financial Results

22 January 2018 03:18 PM Emicool eyes AED 300m cooling business acquisition

Dubai – Mubasher: Dubai Investments’ unit, Emirates District Cooling (Emicool) is planning to take over a cooling corporation in an AED 300 million deal, the parent company’s managing director and CEO Khalid Bin Kalban told CNBC Arabiya on Monday. …

Mergers and Acquisitions

22 January 2018 09:40 AM Dubai Investments to implement IPO for Emicool in Q4-18 – CEO

Dubai – Mubasher: Dubai Investments plans to implement initial public offering (IPO) for Emirates District Cooling LLC (Emicool) on the Dubai Financial Market (DFM) in the fourth quarter of 2018, said managing director and the CEO Khalid Bin …

Initial Public Offerings

21 January 2018 09:01 AM Dubai Investments becomes sole owner of Emicool

Dubai – Mubasher: Dubai Investments on Sunday announced acquiring a 50% stake in Emirates District Cooling LLC (Emicool). The stake, previously owned by Union Properties, amounted to AED 500 million and will be reflected in Dubai Investments’ …

Companies Investments

9 January 2018 06:05 PM Dubai Investments still eyes Emicool – Source

By: Amr Adel Dubai – Mubasher: Dubai Investments is still interested in acquiring Union Properties’ stake in Emirates District Cooling (Emicool), an informed sourced told Mubasher on Tuesday. The acquisition comes as part of Dubai Investments’ …

Mergers and Acquisitions

2 January 2018 05:22 PM 15 UAE-listed firms hike capital by $1.5bn in 2017

By: Bedour Al Raie Abu Dhabi – Mubasher: UAE-listed companies increased their capital by AED 5.5 billion ($1.5 billion) in 2017 through a variety of methods, such as rights offerings in Arabtec Holding and Dar Al Takaful, or through bonus shares …

Management Decisions

27 December 2017 06:10 PM Dubai Investments fully-acquires Kent College’s building

Dubai – Mubasher: Dubai Investments on Wednesday stated that it had fully acquired Kent College’s building in Dubai in a sell and rent-back deal, in collaboration with a group of investors. Dubai Investments completed the acquisition through Al …

Companies Investments

16 December 2017 10:53 PM Dubai Investments to launch new sustainability initiatives

Dubai - Mubasher: Dubai Investments is set to to adopt a number of ideas and initiatives to support the United Nations (UN) Sustainable Development Goals (SDG's). Dubai Investments is listed on the Dubai Financial Market (DFM), and this adds to …

Macroeconomics

4 December 2017 03:55 PM Dubai investments to start Riyadh Investments Park project early 2018 – CEO

By: Amr Adel Dubai – Mubasher: Dubai Investments is about to complete procedures of Riyadh Investments Park’s project in Saudi Arabia, said the CEO, and managing director, Khalid Bin Kalban, adding that it is expected to start the project in the …

Corporate Actions

4 December 2017 02:42 PM Dubai Investments to pump $100m into education in 5 African countries

By: Amr Adel Dubai - Mubasher: Dubai Investments is planning to invest in the education sectors in five African countries in partnership with several investors with a preliminary investments of $100 million, said the company’s CEO and managing …

Companies Investments

30 November 2017 10:25 AM Dubai Investments raises foreign ownership in capital

By: Amr Adel Dubai – Mubasher: Dubai Investments’ shareholders have approved, during their general meeting, raising ownership by foreigners, or non-UAE residents, in the company’s capital to a maximum of 49%. Dubai Investments’ board had …

General Assembly

27 November 2017 01:38 PM Dubai Investment-led consortium to acquire Kent College Dubai

Dubai – Mubasher: Dubai Investment Company on Monday announced that it leads a consortium to fully acquire Kent College Dubai in a sale-and-rent-back deal. Dubai Investment is the main investor in this deal, according to a company statement. Al …

Mergers and Acquisitions

7 November 2017 11:03 AM Al Mal Capital, Azimut Group to launch equity fund

Dubai – Capital: Al Mal Capital, a subsidiary of Dubai Investments, on Tuesday announced the signing of a partnership agreement with Azimut Group to set up the UCITS Middle East and North Africa (MENA) equity fund.  The fund will be created …

Companies Investments

6 November 2017 00:18 PM Dubai Investments’ stock hits 5M-low Monday

Dubai – Mubasher: Dubai Investments’ stock led the Dubai Financial Market’s (DFM) losers on Monday, registering its lowest level in five months as investors sold the stock. By 12:30 pm UAE time, the stock dropped 2.8% to AED 2.5, after 22.2 …

Trading Activities

31 October 2017 00:01 PM Dubai Investments grows 0.2% on Q3 results Tuesday

Dubai – Mubasher: Dubai Investments’ stock added 0.17% to AED 2.6, with 16.9 million traded shares and a turnover of AED 43.9 million through 220 transactions by 12:13 pm UAE time on Tuesday. Earlier on Tuesday, the company released its financial …

Trading Activities

31 October 2017 10:00 AM Dubai Investment profits rise 5% in Q3

Dubai – Mubasher: Dubai Investments on Tuesday stated that its profits increased 5% year-on-year in the third quarter of 2017. The firm’s profits stood at AED 350.36 million ($95.37 million) in Q3-17, compared to AED 334.4 million ($93.74 million) …

Financial Results

26 October 2017 10:32 AM Dubai investments to take final decision in Emicool acquisition soon – CEO

Dubai – Mubasher: A third party has submitted an offer to Union Properties (UP) to acquire its stake in Emirates District Cooling (Emicool), Khalid bin Kalban, managing director and CEO of Dubai Investments, said on Thursday.  The final decision …

Companies Investments

25 October 2017 11:21 AM Dubai Investments’ stock hits highest level in 6M Wednesday

Dubai – Mubasher: Dubai Investments’ stock reached its highest level in 6 months or since 3 March on Wednesday on the Dubai Finanical Market (DFM) amid news regarding a DIB’s plan to complete the acquisition of Emirates District Cooling (Emicool). …

Trading Activities