Mubasher TV
Contact Us Advertising   العربية

Dubai Investments' traded shares value exceeds AED 169bn

Dubai Investments' traded shares value exceeds AED 169bn
The value of shareholders' equity grew to AED 12 billion
Dubai Investments
DIC
-0.91% 2.17 -0.02

Dubai – Mubasher: The trading value of Dubai Investments' shares has reached AED 169.5 billion since listing, with 47 billion shares exchanged through 1.2 million transactions.

This announcement was made during the company's celebration of its 25th anniversary with a bell-ringing ceremony at the Dubai Financial Market (DFM), according to a recent press release.

With 16,502 shareholders as of June 2020, the company's value of shareholders' equity grew to AED 12 billion as of December 2019, with AED 6.59 billion paid out as cash dividends and bonus shares since inception.

At the same time, the company has registered an AED 14.5 billion accumulated net profits with a 21% return on investment over the last 24 years.

The company's paid-up capital increased to AED 4.25 billion up from AED 650 million.

Assets increased from AED 718 million to AED 21 billion, as of December 2019.

The Chairman of the DFM, Essa Kazim, commented: "Dubai Investments has been amongst the first listed companies since DFM’s inauguration on 26 March 2000."

"We look forward to strengthen our relationship with Dubai Investments and enable it to continue availing the numerous benefits of DFM listing including the linkage with our large and diversified investor base that exceeds 845,000 investors and embracing international best practices of disclosure and transparency, corporate governance and investor relations, which creates value for its shareholders," Kazim added.

The vice-chairman and CEO of Dubai Investments, Khalid Bin Kalban, remarked: "As part of the company’s future strategy, Dubai Investments will channelize the resources towards Investments in youth, artificial intelligence, and sustainability, identified as the three major pillars governing the company’s investments and businesses in the future."