Dubai Holding Commercial Operations Group, a business group of Dubai Holding, said on Saturday its 2015 net profit grew 25 per cent to Dh5.83 billion.
The group’s total revenues were up 15 per cent at Dh14.53 billion compared to Dh12.63 billion a year ago, a statement by the company said.
Mohammad Abdulla Al Gergawi, Chairman of Dubai Holding, said, “Dubai Holding continues to make big strides in its successful strategy aimed at creating an innovation driven knowledge-based economy. This is in line with Dubai’s long-term ambition to transform into the smartest and most productive city in the world.”
The growth was supported by strong performance from the firm’s business units TECOM Group, Jumeirah Group and Dubai Properties Group.
Dubai Holding Commercial Operations is targeting an annual profit of Dh10 billion in four years.
Dubai Holding operates in 24 countries through three leading business units. Other than TECOM, it also owns Jumeirah Group, a global luxury hotel company; and Dubai Properties Group, one of the region’s largest fully integrated real estate and community development businesses.
