Press Releases
The Group announces record revenues, net profit, assets and equity
Record Net Profit for the Year 2022 of AED 36.1 Billion Record Assets of AED 1.18 Trillion ICD announced today its consolidated financial results for the year ended 31 December 2022 having generated record Revenues of AED 267.4 Billion and a record Net Profit of AED 36.1 Billion. All business segments contributed to this remarkable …
Continue reading “The Group announces record revenues, net profit, assets and equity”
Read more
ICD’s Board of Directors approves its record financial results for H1 2022, underscoring Dubai’s status as the world’s business and investment hub
Dubai’s investment arm registers best-ever H1 performance with record revenues of AED121.1B, record net profits of AED14.8B, and record assets of AED1.14 trillion Hamdan bin Mohammed: Exceptional results are a manifestation of Mohammed bin Rashid’s vision to ensure that Dubai remains at the forefront of championing global economic recovery “We are proud to record ICD’s …
Read more
Significant turnaround in profitability with a Net Profit for the Year 2021 of AED 10.1Bn
Resilient balance-sheet remains above AED 1 Trillion ICD announced today its consolidated financial results for the year ended 31 December 2021 having generated Revenues of AED 169.4 Billion and reported a Net Profit of AED 10.1 Billion, a significant turnaround from last year as business recovery accelerated. Revenues were AED 169.4 Billion, up 24.5 per …
Read more
Significantly improved results with a profit of AED 1.4 Billion for the first half of 2021
Resilient balance-sheet with assets staying over AED 1 Trillion. ICD announced today its consolidated financial results for the six month period ended 30 June 2021 having generated Revenues of AED 75.2 Billion and recognised a Net profit of AED 1.4 Billion, achieving significantly stronger performance than the first half of last year despite the uneven …
Read more
Resilient operations and Balance-Sheet during a year of unprecedented challenges, with Assets keeping over the AED 1 Trillion mark.
Net Loss of AED 15.5 Billion for the year 2020 due to global pandemic impact on Group’s results ICD announced today its consolidated financial results for the year ended 31 December 2020 having generated Revenues of AED 136.1 Billion and reported a Net loss of AED 15.5 Billion as the Covid-19 global crisis significantly affected …
Read more
Revenues decreased to AED 73.7 Billion for the First Half of 2020 due to the global pandemic
Balance-sheet shows resilience with Assets staying over AED 1 Trillion ICD today announced its consolidated financial results for the six month period ended 30 June 2020 having generated Revenues of AED 73.7 Billion and recognised a Net loss of AED 9.4 Billion as the Covid-19 global crisis significantly affected its operations. Revenues were AED 73.7 …
Read more
Net Profit for the year 2019 increased by 16.9% to AED 25.0 Billion
Assets grew over the AED 1 Trillion mark and reached a record AED 1,121 Billion Investment Corporation of Dubai (ICD) today announced its consolidated financial results for the year ended 31 December 2019 having achieved Revenues of AED 228.0 Billion and a Net Profit of AED 25.0 Billion. Revenues were AED 228.0 Billion, down by …
Continue reading “Net Profit for the year 2019 increased by 16.9% to AED 25.0 Billion”
Read more
Net Profit increased by 4.4% to AED 10.5 Billion in First Half of 2019
Total Assets increased 10.4% to a record AED 971.1 Billion Investment Corporation of Dubai (ICD) today announced its consolidated financial results for the six month period ended 30 June 2019 having achieved Revenues of AED 106.3 Billion and a Net Profit of AED 10.5 Billion. Revenues were AED 106.3 Billion, a 7.7 per cent decrease …
Continue reading “Net Profit increased by 4.4% to AED 10.5 Billion in First Half of 2019”
Read more
Principal Investment Arm of the Government of Dubai Grows its Assets by 4.1% to record AED 879.2 Billion
Achieves Record Revenues of AED232.4 Billion, an Increase of 15.7% Investment Corporation of Dubai (ICD) announced its consolidated financial results for the year ended 31 December 2018 achieving record Revenues of AED 232.4 Billion and a Net Profit of AED 21.4 Billion. These results were achieved against a backdrop of higher oil and commodity input …
Read more
Investment Corporation of Dubai Achieves Net Profit of AED 10.0 Billion in First Half of 2018
Portfolio Grows 1.7% to AED 858.9 Billion Investment Corporation of Dubai (ICD) announced its consolidated financial results for the six month period ended 30 June 2018 having achieved Revenues of AED 115.1 Billion and Net Profit of AED 10.0 Billion. Revenue increased to AED 115.1 Billion, rising 23.4 per cent from the comparable prior year …
Read more
Principal Investment Arm of the Government of Dubai Achieves Record Revenues of AED200.9 Billion, an Increase of 13.8%
Assets growth by 9.7% to record AED 844.3 Billion Investment Corporation of Dubai (ICD) announced its consolidated financial results for the year ended 31 December 2017, delivering record Revenues of AED 200.9 Billion and an improved Net Profit of AED 24.6 Billion. Revenues increased to AED 200.9 Billion, an increase of 13.8 per cent from …
Read more
Principal Investment Arm of the Government of Dubai Records Net Profit of AED 10.3 Billion in First Half 2017
PORTFOLIO GROWS TO AED 786.8 BILLION ANNOUNCES EARLY REPAYMENT OF AED 5.5 BILLION OF ICD BORROWINGS Dubai – November 2017 – Investment Corporation of Dubai (ICD) announced its consolidated financial results for the six month period ended 30 June 2017 having achieved Revenues of AED 93.2 Billion and Net Profit of AED 10.3 Billion. Revenues …
Read more
Investment Corporation of Dubai Principal Investment Arm of the Government of Dubai Grows its Portfolio 6.9% to AED 769.9 Billion
Records Annual Net Profit of AED 22.1 Billion Investment Corporation of Dubai (ICD) announced its consolidated financial results for the year ended 31 December 2016 demonstrating robust Revenues of AED 176.3 Billion and a Net Profit of AED 22.1 Billion. These results were achieved against a backdrop of lower oil and commodity prices, a strong …
Read more
Investment Corporation of Dubai Announces Successful Issuance of $1 Billion Sukuk
The 10-year Sukuk Was 3x Oversubscribed 42% Subscription From International Accounts Based Outside of the Region Investment Corporation of Dubai has successfully completed the issuance of a $1 Billion 10-year sukuk. The sukuk was well received by regional and international investors, generating orders that exceeded $3 Billion. The $1 Billion sukuk will be listed on …
Continue reading “Investment Corporation of Dubai Announces Successful Issuance of $1 Billion Sukuk”
Read more
Investment Corporation of Dubai Records Net Profit of AED 10.3 Billion in First Half 2016
Principal Investment Arm of the Government of Dubai Grows its Portfolio to AED 736.8 Billion Investment Corporation of Dubai (ICD) announced its consolidated financial results for the six month period ended 30 June 2016 showing Revenues of AED 82.5 Billion and a Net Profit of AED 10.3 Billion. These results are achieved against a backdrop …
Read more
Investment Corporation of Dubai Records Annual Net Profit of AED 27.5 Billion
Principal Investment Arm of the Government of Dubai Grows its Portfolio to AED 720.1 Billion Investment Corporation of Dubai announced a rise in its Profit from Continuing Operations for the year ended 31 December 2015 to AED 25.2 Billion, an increase of 12.8 per cent from AED 22.3 Billion recorded in the prior year. Revenues …
Continue reading “Investment Corporation of Dubai Records Annual Net Profit of AED 27.5 Billion”
Read more