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Sovereign Wealth Funds Briefing - Categorized | Performance

Dubai Investments sees strong Q1 profits led by core business units

Posted on 28 January 2010

From Arabianbusiness.com: Dubai Investments Co, which swung to profitability at the end of 2009, expects to post a profit in the first quarter on stronger performance for its core business units. Dubai’s sovereign wealth fund Investment Corporation of Dubai has a stake in the company.

Khalid bin Kalban said: “2010 looks very positive for Dubai Investments.” Declining to be more specific, he said: “We will definitely make a profit (in Q1).”……………………………….Full Article: Source

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