Thursday, 19 November 2015

Dubai Holding estimates 2015 net profit at Dh5.5b | GulfNews.com

Dubai Holding estimates 2015 net profit at Dh5.5b | GulfNews.com:

"Dubai Holding said on Thursday it estimates 2015 net profit at Dh5.5 billion with a total assets of Dh130 billion, even as it expects the UAE economy to maintain its stability despite the global economic turmoil with a 5 per cent growth this year.

The investment company’s successes have been largely due to its resilience and diversity. The group with total assets exceeding Dh130 billion, follows a long-term strategy that is closely aligned with Dubai’s overall outlook and strategy, it said in a statement on Thursday.

Dubai Holding also affirmed that the company is committed to fulfilling its financial obligations, the last of which is a £500 million (Dh2.78 billion) loan that matures by January 2017."



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