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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Dubai Investments posts 6.3pct rise in Q1 profit

Posted on 14 May 2012

Conglomerate Dubai Investments posted a 6.3 percent rise in quarterly net profit on Sunday and said the company was reviewing opportunities to divest some of its businesses.
The firm, in which sovereign wealth fund Investment Corporation of Dubai (ICD) owns an 11.5 percent stake, made a net profit of AED107.5m ($29.3m) for the first-quarter, compared with 101.1 made in the same period in 2011………………………………………..Full Article: Source


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