Dubal says net profit jumps 57%

DUBAI: Dubal Holding, the Dubai government’s investment arm for the power, commodities, mining and industry, held its fourth annual general meeting on Thursday. Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of Dubal Holding praised company’s overall performance, noting that it achieved a good net profit in 2017, representing a 57 per cent increase compared to 2016, while net assets increased by two per cent by the end of the year.