Dubai Holding Records AED 2.7 Billion Profit
- Publish date: Thursday، 22 December 2022 Reading time: 1 min read | Last update: Saturday، 21 December 2024
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Dubai Holding (DH), has announced a record net profit of AED2.7 billion ($735 million) for 2021, compared to AED217 million for the prior year.
A combination of good operational performance and record profits made by DH’s 50% subsidiary Emirates Global Aluminium (EGA) due to soaring global prices of aluminium, made 2021 an exceptional year for DH.
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Al Tayer also praised DH for its diligence and operational performance throughout 2021.
"Our wise leadership with its vision that shapes the future made an early investment in the aluminium industry," highlighted Al Tayer. "This sector witnesses today a strong demand and is powering new emerging industries, and assuming a bigger role in sustainable development. This strategic direction contributes to enhancing the competitiveness of the UAE in the global aluminum markets in the future."
This article was previously published on UAE Moments. To see the original article, click here