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Dubai Investments Reports 2% Increase in Q3 Profits to AED 241 Million

  • Writer: Mohammed Oudah - MM (GHRGHAR GROUP)
    Mohammed Oudah - MM (GHRGHAR GROUP)
  • Nov 19, 2024
  • 1 min read

Dubai Investments Q3 profits up 2% to AED 241M, driven by fair value gains and higher financing revenues, despite a 4% drop in total revenues.

Dubai Investments reported a 2% increase in quarterly profits, reaching AED 241 million, driven by a gain of AED 55 million from the fair value assessment of investments, compared to a loss of AED 14 million in the same period last year. Financing costs decreased by 18%, while financing revenues rose by 35% to AED 19 million. However, total revenues dropped by approximately 4% to AED 932 million.

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