Dubai (Union) profits rose Dubai Investment Company By 47% during the first half of this year, it reached 302 million dirhams, compared to 205 million dirhams for the same period last year. Total income for the mentioned period increased by 51% to reach 1.72 billion dirhams, compared to 1.14 billion dirhams for the same period last year, thanks to the growth of the group’s sales in the real estate sector. Dubai Investments acquired an additional 21.53% stake in National General Insurance Company PJSC during the first half of 2021. The group subsequently acquired a 15.19% stake in the company, raising its total stake to 45.18%.
Khalid Bin Kalban, Vice Chairman and Chief Executive Officer of Dubai Investments, said: “We are pleased that our activities during the first half of 2021 have resulted in such an integrated and promising growth. As we move forward with the implementation of our plans for the second half of the year, we seek to benefit from the successes that we have achieved. We have achieved it to this day. We will remain committed to diversifying our investments in the healthcare and education sectors while also focusing on real estate, including the ongoing development of mixed-use residential communities in Mirdif Hills and Fujairah. We also continue to explore opportunities for sustainable growth across all the sectors in which we operate.”