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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Dubai Investments hit but expansion still on

Posted on 10 August 2011

Dubai Investments, the largest investment company listed on the Dubai Financial Market, reported a 30 per cent drop in profits for the second quarter.
Dubai’s sovereign wealth fund, Investment Corporation of Dubai (ICD), owns an 11.5 per cent stake in Dubai Investments. ICD, which owns stakes in companies including Emirates Group, yesterday said it would repay in full $4bn of loans that mature this month rather than opt for refinancing……………………………………….Full Article: Source


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