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Saturday, 25 February 2017

Dubai Holding announces jump in profit | GulfNews.com

Dubai Holding announces jump in profit | GulfNews.com:

"Dubai Holding announced today the financial results of its business group, Dubai Holding Commercial Operations Group (The Group), for the year ended 31 December 2016. The Group continued to see good operational progress with all businesses performing well and contributing to Group profitability. Net profit increased to Dh6.32 billion, up 8% from Dh5.83 billion, while total revenues increased by 16% to Dh16.84 billion compared to Dh14.53 billion last year. Mohammad Abdullah Al Gergawi, chairman of Dubai Holding, also announced that after obtaining the blessing of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. and after having put Dubai Holding on a rapid growth path, his mission as chairman of Dubai Holding had come to an end, paving the way for another talented person to take over, dedicating his full time and effort to his duties in the government."



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