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Content
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Page 3 Management Summary
Page 11 Q1 2019 Financial Highlights
Page 21 Outlook & Guidance
Page 25 Portfolio Information
Page 37 Disclaimer – Forward Looking Statements
Management Summary
62.1%
25.9%
12.0% Property
Manufacturing, Contracting &Services
Investments
A Diversified Investment Company Listed on DFM - Market Cap. of c. AED 6.4 Bn1
4
Dubai Investments Overview – Total Assets of over AED 20.1 billion with over 16,700 shareholders
1 As of 24th April 2019
AED
20.1 bn
A Glance at Dubai Investments
In 1995 as an on-shore
investment company to
encourage investments across
various sectors
Publicly listed on Dubai
Financial Market since 2000
Share capital of
AED 4.3bn
+16,700 shareholders
(2018)
Chairman of the Board Mr.
Sohail Faris Ghanim Ateish Al
Mazrui
MD and CEO
Mr. Khalid Jassim Mohamed
Bin Kalban
An incubator of
more than 35subsidiary /
associate
companies with
more than
3,800 employees
Property, manufacturing, contracting & services and investment businesses
11.5%
6.1%
5.1%
77.3%
Investment Corporation of Dubai
Al Fardan Real Estate
Mohamed Saif Darwish Ahmed Al Ketbi
Public
Manufactures and sells materials used in construction projects, provides
district cooling services2
Produces and distributes pharmaceuticals, aluminum, extruded products
and furniture3
Provides Investment Banking and Asset Management services, invests in
new ventures and initial public offers, bonds, funds and shares4
Total Quarterly Assets (in AED bn)
Business Segments by Assets (Dec 2018)
Shareholders (March 2019)
ESTABLISHMENT OWNERSHIP TYPE
MANAGEMENT CAPITAL
1Undertakes real estate development projects / leasing of real estate
portfolio
Source: DI Management & DI Financial Consolidated Report
15.5 15.7 16.1 16.1 16.8 16.4 16.7 17.019.2 19.0 19.4 19.6 20.1
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2016 2017 2018 2019
Note: Figures are rounded to the nearest decimal
Board of Directors
5
Chairman – Sohail Bin Fares Al MazruiMr. Sohail Al Mazrui has wide experience in Petroleum Engineering and
executive experience in the Oil Industry. He is the former CEO of Abu Dhabi
National Oil Company (ADNOC) as well as the former CEO and Chairman of
Aabar. He holds a degree in Petroleum Engineering and currently is also a
Board member of Invest Bank as a Vice Chairman
Director – Mohamed Saif Darwish Ahmed Al KetbiMr. Mohamed Al Ketbi has experience in Investments & Projects, Real Estate
and Hospitality Sectors. He holds a Bachelor Degree in Business Administration
majoring in Business Management. He is currently the Board Member of AHI
Carrier FZC, Vice Chairman of Danat El Emarat Hospital Project, Board Member
of Marka PJSC and Board Member of Al Mal Capital PSC
Managing Director & CEO – Khalid Jassim Bin KalbanMr. Khalid Bin Kalban has extensive experience in Manufacturing & Industrial
sectors as well as Financial, Investment and Real Estate sectors. He holds a
degree in Business Management from USA and is a Management Major from
Metropolitan State College, USA. He is also currently the Chairman of Marka
PJSC, Chairman of Al Mal Capital PSC, Board Member of National General
Insurance PJSC, Board Member of the Islamic Bank of Asia (Limited), Board
Member of Arcapita Investment Management B.S.C and Board Member of
Ajman Bank PJSC
Director – Ali Fardan Al FardanMr. Ali Fardan Ali Al Fardan has significant experience in Real Estate
Management, Property Investments, Capital Investment Management and
Hospitality Management. He holds a Bachelor of Science in Management and
Information System. He is also currently the Vice Chairman of Al Fardan Group,
Managing Director of Al Fardan Real Estate, CEO of First Investor LLC, Board
Member of Al Mal Capital PSC and Board Member of Commercial Bank of Dubai
PJSC
Vice Chairman– Hussain Mahyoob Sultan Al JunaidyMr. Hussain Al Junaidy has been the Chairman and CEO of various companies
in the Oil and Gas Industry. He is also the founder and former Group CEO of
Emirates National Oil Company (ENOC). He holds a Bachelor of Science in Civil
Engineering and is a Chartered Civil Engineer. He is also a Business graduate
from School of Business, University of Pittsburg, USA Director –Abdulrahman Ghanem A. Al MutaiweeMr. Abdulrahman Ghanem A. Al Mutaiwee is a high-ranking diplomat and has
held senior management positions in various ministries and government
establishments. He has also served as the Ambassador of the UAE to the Court
of St. James and Iceland. He is currently the Director in the Ministry of Foreign
Affairs and International Cooperation. He holds a Bachelor’s Degree in
Economics from Cairo University and Diploma in Banking and Financial Studies
from New York
Director – Mr. Khaled Mohammad Al KamdaKhaled Al Kamda has over three decades of senior management experience
across a number of sectors including airlines, private equity and banking and
has also held senior management positions in government establishments. He
holds a Bachelor’s Degree in Electrical Engineering from Florida Institute of
Technology, USA and a MBA Degree from Cranfield School of Management,
England
22 Years of Building Businesses and Creating Shareholder Value
Long-term investment approach in building underlying value of investees – provide the necessary strategic direction along
with growth capital; Exit businesses which have matured - enhance shareholder value through the capital gains
Technical & International Rubber
Al Mal Capital1996
Marmum
1997
Emirates Building
Systems
Emirates Glass
Dubai Investments Park
Globalpharma
Masharie
1998
Lumiglass
2003
Dubai Real Estate
Investments
2006
Emirates Float Glass
Al Taif
2007
Techsource
2008
Emirates Insolaire
2013
EMICOOL
2002
Properties
Investment
Palisades Development
2015
1999
2018
2000 DFM Listing
1995
Masharie (-40%)
Marmum
Globalpharma (-66%)
Metrofile
Al Arif Contracting, Anchor Allied, Inter-Chemi, Stromek, Power Factor
2009
2010
2008
2015
2014
2016
EXITS
INVESTMENTS
KCH Healthcare
MODUL
2016
Mirdif Hills
United Sales Partners
2018Emicool
Dubai International Driving Center
Properties Investment
2017
Emirates Float Glass
Kent
College
Global Pharma 2019Globalpharma
7
Significantly Outperformed the DFM Real Estate IndexExchange Dubai Financial Market
Symbol DFM:DIC
ISIN AED000601016
Sector Investments & Financial Services
Issued capital AED 4,252,019,585
Auditors PwC
2018 Dividend 10% Cash
DI has been enhancing shareholder returns
41%
7%
Acquisition of 51%
Undisclosed Real
Estate
Acquisition of 59.66%
Stake in Al Mal
Capital PSC
Acquisition of
Emirates Float
Glass
Divestment of
66% in
Globalpharma
Acquisition of additional
50% in Emicool and
divestment of DDI
Divestment of 51%
stake in Techno rubber
& International Rubber
(for each)
Divestment of DII subsidiary
Marmum Dairy Farm and its
distribution arm United Sales
Partners
Divestment of 51%
stake in Anchor Allied
Factory Ltd
Mar - 19
Acquisition of the
remaining 66% stake in
Global Pharma
0
50
100
150
200
250
300
350
400
450
500
Mar-13 Oct-13 May-14 Dec-14 Aug-15 Mar-16 Oct-16 May-17 Dec-17 Aug-18
Dubai Investments(DIC) DFM Real Estate Index
Diversified Portfolio of Assets, with a Focus on Real Estate
8*Percentages highlighted above relate to Q1 2019 total assets
8
Total Assets
AED 20.1 BNAs at 31st March 2019
Amounts in AED
12.5billion
62.1%
PROPERTY
Income generation from
sales and leasing
2.4billion
14.0%
INVESTMENTS
Equity & Fixed Income Funds
and Minority Investments
5.2billion
23.8%
MANUFACTURING,
CONTRACTING & SERVICES
Private Equity
OTHER DI
4.1%
DUBAI INVESTMENTS
REAL ESTATE COMPANY
21.1%
PROPERTIES
INVESTMENTS
4.6%
EMICOOL
13.0%
GLASS
5.4%
MASHARIE
3.4%
DUBAI
INVESTMENTS
INDUSTRIES
4.0%
TREASURY
PORTFOLIO
& OTHER
9.8%
AL MAL CAPITAL
2.1%
6,532m
4,244m
931m
793m
DUBAI INVESTMENTS
PARK DEV. COMPANY
32.5%
2,624m 1,079m 691m 810m
430m
1,975m
Note: Figures are rounded to the nearest decimal
9
Flagship asset: Dubai Investments Park - a “City within a City”
Q1 2019 INCOME
TOTAL AREA
23million m2
NET LEASE
AREA
17million m2
LEASED
98%
COMMERCIAL
8%
LEASED PLOTS
~1,100
INDUSTRIAL
60%
AED million
RESIDENTIAL
32%
190
Note: Figures are rounded to the nearest decimal
10
Management Strategy: Generate Sustainable Cash Flows to Maximize Shareholder Returns
Investment in a broad range of industrial companies - greenfield to mature businesses
Investment in healthcare and education sector funds
Real estate & investment portfolio designed to perform through market cycles and generate a
steady and sustainable cash flow stream
Geographic diversification towards other GCC countries and in Africa
Diversification
Target minimum ROE of 6-8%
Attractive dividend payout and total shareholder returnReturn Focused
Bolt-on acquisitions as well as synergistic investment portfolio across industry value chains
Replicable business models to build scale (e.g. DIP) within the GCC/MENA region
Divest mature business to maximize returnsSynergy & Scale
Prudent approach to balance sheet and portfolio risk management
Maintain healthy cash & liquid investments position
Gradually increase leverage to increase overall returnsRisk Management
Q1 2019 - Financial Highlights
12
Total Income for Q1 2019 amounted to AED 705.9 million as compared to AED 927.2 million in Q1 2018. Included in total
income are gains of AED 333 million in Q1 2018 and AED 55 million in Q1 2019 related to M&A transactions
The Group achieved profit attributable to shareholders of AED 202 million in Q1 2019 as compared to AED 362 million in
Q1 2018. Excluding gains on M&A transactions as mentioned above, the Group’s profit for Q1 2019 has increased by AED
118 million largely on account of increase in gain on fair valuation of investments.
Total Assets reached AED 20.1 billion, growing primarily due to consolidation of Global Pharma and adoption of IFRS 16.
The Group maintained healthy cash balance of AED 0.8 billion as at Q1 2019. Increase in fair valuation gain on
investments due to improved market conditions.
Group Result
Mirdif Hills project passed 50% milestone, sales of Nasayem Avenue launched
Signed contract with Millennium Hotels & Resorts MEA to build Copthorne Creek Hotel
Work progressed ahead of schedule on the AED 460 million Fujairah Business Centre being developed by Al Taif
Investment.
Dubai Investments started infrastructure work on Palisades (DIP)
Real Estate Projects
Growth in rental income by 4.7% in Q1 2019 vis-à-vis Q1 2018 driven by contract renewals and the increase in sub-leasing
income at DIP
DIP continues to remain a flagship asset representing 84% of total rental income
Key events in Q1 2019:
Acquisition of additional 66% equity in Globalpharma, now a wholly owned subsidiary
Adoption of IFRS 16 accounting policy
Portfolio
Key Messages – Q1 2019 (Three month period ended 31st March 2019)
Note: Figures are rounded to the nearest decimal
13
EBITDA
288.6AED million
ATTRIBUTABLE
NET PROFIT
202.0AED million
EPS
0.05AED per share
TOTAL INCOME
705.9AED million
TOTAL EXPENSES *
(538.4)AED million
TOTAL ASSETS
20.1AED billion
CASH
0.8AED billion
TOTAL LIABILITES
7.8AED billion
DEBT / EQUITY#
46.0%
ROE**
6.8%
Q1 2019 – Financial Performance: Strong and profitable company
* Includes Direct Operating Costs, S.G.&A. and Finance Expenses # Calculated as Debt/Equity Attributable to Owners of the Company
** Annualized Attributable to Owners of the Company
Note: Figures are rounded to the nearest decimal
14
Q1 2019 Q1 2018 y-o-y (%)
Total income 705.9 927.2 (23.9%)
Total expenses* (538.3) (590.7) (8.9%)
Profit for the period 196.1 357.9 (45.2%)
Attributable profit 202.0 361.9 (44.2%)
EBITDA 288.6 138.9 107.9%
EPS (AED) 0.05 0.09 (44.2%)
ROE %#
6.8% 11.4% (4.6%)
ROA %#
4.0% 7.5% (3.5%)
Q1 2019– Key Performance Indicators: Decline in revenues impacting overall profitability margins/ratios
Income and earnings (AED m)
* Includes Direct Operating Costs, S.G.&A. and Finance Expenses
# Annualized Attributable to Owners of the Company
Note: Figures are rounded to the nearest decimal
15
Total Income Movement Year-on-Year
Total Income Bridge (AED m)
*Others include sale or properties, dividend income and share of profit from equity accounted investees
Note: Figures are rounded to the nearest decimal
927.2
(0.4)
10.2
79.9
(23.7)
(217.4)
(60.6)
11.3
705.9
Mar-18 Sale of goods Rental income Contract revenue Fair valuation ofinvestments
(Loss)/gain on saleof investments
Gain on fair valuationupon acquisition of a
subsidiary
Bargain Purchasegain
Others* Mar-19
(20.6)
16
Evolution by Quarter: Rental Income Portfolio remains key contributor
Resilient Performance
Healthy growth in Total Income by 18.3% from Q4 2018. The decline
on an annual basis from Q1 2018 to Q1 2019 is mainly due to
reasons mentioned earlier
Rental Income continues to remain healthy representing c. 32.% of
Total Income in Q1 2019
On an annual basis, Rental Income increased by 4.7% from Q1 2018
to Q1 2019
Except Q4 2018, where the Group incurred certain fair valuation
losses on investments, the Attributable Profit has remained robust2017 2018
Q1 of 2018 Total Income includes Emicool gains of AED 333.2MN
697.2 586.3
749.2 751.6
927.2
652.8
841.3
596.6 705.9
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Total Income (AED m)
2019
224.0
235.0 232.1
219.6 215.2
249.1
235.8 226.6 225.4
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
… of which Rental Income (AED m)
2017 2018 2019 2017 2018 2019
289.0
190.9
350.4
171.4
361.9
129.1
233.3
(72.9)
202.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Attributable Profit (AED m)
Note: Figures are rounded to the nearest decimal
17
Rental income from DIP continues to remain robust
Rental income (AED m)
207.0 217.0
230.0 220.4 224.0
235.0 232.1 219.6 215.2
249.1 235.8
226.6 225.4
172.0 183.0 190.0
179.9 186.0 195.0 196.0
186.2 181.5
214.2 198.0 191.0 190.0
4.8% 6.0%
(4.2%)1.6%
4.9%
(1.2%) (5.4%)(2.0%)
15.7%
(5.3%) (3.9%)(0.5%)
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Total Rental Income DIP Income Total Rental Income Growth %
2016 2017 2018 2019
Note: Figures are rounded to the nearest decimal
18
Growth in assets and liabilities mainly due consolidation of acquisitions made by DI
Total Assets (AED bn) Total Liabilities & Equity (AED bn)
Total Debt (AED bn)
* Calculated as Debt/ Total Equity
2017
Debt/Equity* (%)
2018
11.1 11.4 11.7 12.1 13.9 14.1 13.8 14.4 13.4
5.7 5.0 5.0 4.9 5.3 5.0 5.6 5.1 6.7
16.8 16.4 16.7 17.0 19.2 19.0 19.4 19.6 20.1
Q1 Q2 Q3 2017A Q1 Q2 Q3 2018A Q1
Non-current assets Current assets
2019 2017 2018 2019
3.1 2.9 3.1 3.2
4.8 4.8 5.1 5.3 5.5
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
25.6%
24.6%
25.4%
25.8%
37.4%
39.6%
41.3%
43.4%
44.7%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Note: Figures are rounded to the nearest decimal
12.2 11.9 12.2 12.3 12.7 12.2 12.4 12.3 12.3
2.7 2.6 2.5 2.6 4.4 4.6 4.6 4.3 3.5
1.9 2.0 2.0 2.1 2.1 2.2 2.4 2.9 4.3 16.8 16.4 16.7 17.0 19.2 19.0 19.4 19.6 20.1
Q1 Q2 Q3 2017A Q1 Q2 Q3 2018A Q1
Shareholders' equity Current liabilties Non-current liabilities
19
Total Assets (AED bn)
DIC has maintained a disciplined approach to Asset Growth
Note: Figures are rounded to the nearest decimal
11.1 11.4 11.7 12.1 13.9 14.1 13.8 14.4 13.4
5.7 5.0 5.0 4.9
5.3 5.0 5.6 5.1 6.7 16.8 16.4 16.7 17.0
19.2 19.0 19.4 19.6 20.1
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Total non-current assets Total current assets2017 2018 2019
19,554.2
110.6 290.3 211.6 54.2
(85.8)(7.1) (15.4) (97.0)
36.8
(38.8)
110.6 10.8
(30.1)
4.1
20,108.9
Non-current Assets Current Assets
20
Balance Sheet Development: 3% growth over previous quarter
Total Assets (AED mn)
Others include investments at fair value, equity accounted investees, rent receivable and finance lease receivable
Note: Figures are rounded to the nearest decimal
Outlook & Guidance
22
Outlook and Guidance for FY 2019
Continue to generate steady income, backed by recurring cash flow & rental income streams with growth in net profitability
Focus on monetizing available land bank to perform through the market cycles and enhance revenues and profitability
Complete and handover of Mirdiff Hills developments in phases commencing Q4 2019/Q1 2020
Sell/Lease the townhouses built as a part of Green Community Phase 3
Complete construction of Al Taif mixed-use project (Fujairah): Q4 2019/Q1 2020
Total Income & Net Profit
Establish Al Mal REIT, DI will become the anchor shareholder of AED 2.0bn Real Estate Investment Fund managed by Al
Mal Capital
Diversify business segments - focus on healthcare and education:
Complete construction of Clemenceau Medical Centre, ramp-up operations in the newly established KCH
Healthcare; expansion of school network in Africa through Africa Crest Education
Strengthening financial services portfolio by investing as an anchor investor in the newly launched Arkan bank in DIFC
(under formation)
Expansion
ROE between 6-8%
Divest stake in Emicool to enhance shareholder value
Maintain attractive dividend return profile for shareholders
Shareholder Returns
Investor Relations Contact
23
Mushtaq Masood
Group Chief Financial Officer
Dubai Investments PJSC
PO Box 28171
Dubai, UAE
Phone +971 4 8122 400
Email [email protected]
www.dubaiinvestments.com
Maher Rabah
Investor Relations
Dubai Investments PJSC
PO Box 28171
Dubai, UAE
Phone +971 4 8122 400
Email [email protected]
www.dubaiinvestments.com
24
Recognitions and Awards
Emirates Float Glass won
the Industrial
Development Bureau
Award
TechSource won award
for Top 10 Best IT
companies to work in the
UAE
Al Mal Capital PSC
named ‘UAE Asset
Manager of the Year’ at
Mena Fund Manager
Performance Awards
Dubai Investments
Real Estate Wins
Global Infrastructure
Congress Recognition
Award
Portfolio Information
26
Business Overview
Dubai Investments Park (DIP) is a self-contained
mixed-use industrial, commercial and residential
complex.
Spread over a total area of 2,300 hectares, DIP is
based on a pioneering concept of creating a “city within
a city”.
Includes schools, medical centers, retail complexes,
hotels and restaurants, offices and showrooms.
Major Industries
Building Materials, Printing, Food & Beverages,
Construction, Furniture, Pharmaceuticals, Plastic,
Textile, Power & Utilities, Oil & Gas.
Ownership
100% Dubai Investments
Dubai Investments Park – Industrial and Commercial
27
Business Overview
DIP residential areas offer a variety of options from
high-end residential living to staff accommodation. This
comprises across several communities:
• The Green Community - villas, townhouses,
apartments
• Ritaj - apartments
• Dunes Village - apartments
• Dubai Lagoon - apartments
• EWAN Residences - apartments
Dubai Investments Park - Residential
28
Business Overview
Properties Investments is involved in investment in,
and development of, real estate properties and has
developed prestigious residential and recreational
projects such as the Green Community and Courtyard
Marriott in DIP. Properties Investments was formed in
2002.
Properties Investment is currently working on handover
of Green Community Phase 3 in Dubai Investments
Park. The project comprises of 210 townhouses,
duplex apartments and retail facilities
Ownership
70% Dubai Investments
30% Union Properties
Properties Investment
29
Ritaj residential community
Location: Dubai Investments Park
Size: 2.58 million square feet
Objects: 11 residential blocks
1,343 studio apartments
447 one bedroom apartments
194 two bedroom apartments
40 three bedroom apartments
The low rise community also offers shops, cafes,
restaurants, supermarket, nursery, medical center,
pharmacy and mosque.
Dubai Investments Real Estate Company - Ritaj
30
Mirdif Hills is a 3.9 million sqft mixed-use residential, commercial, hotel and retail project under development
Development Overview
• Mushrif Park, Mirdif, Dubai
• Freehold plot 949,999 sqft
• 993 residential apartments and 66 serviced
apartments
• 4-star hotel (116 rooms + 60 hotel
apartments)
• Hospital
Dubai Investments Real Estate Company – Mirdif Hills
31
Business Overview
Currently working to develop an AED 460 million
mixed-use commercial and residential project in
Fujairah.
Partnership between Dubai Investments and
Government of Fujairah.
Business Overview
60% Dubai Investments
40% Government of Fujairah
Al Taif Investment
32
Indoor and outdoor
lighting
(JV with Philips)
Interior decoration and
turnkey projects
Switchgear and electrical
equipment
Laboratory and hospital
furniture systems
Business Overview
Investments in medium and large-sized companies
operating in construction materials, contracting, interior
design and related activities.
During 2012, Masharie divested 5 entities operating in
industrial and contracting sectors at an IRR ranging
from 12% to 34%.
During 2015, Masharie divested additional 2
companies at an IRR of 18%.
Divested its investment in Dubai International Driving
Center LLC during 2018 at an IRR of 21%.
Ownership
75.58% Dubai Investments
Aluminum design,
manufacturing and
installation
Stainless steel products
Aluminum extrusions for
construction and
industrial sector
Aluminum sheet
production
Masharie
33
Manufacturing of
Pharmaceuticals
Software development
and IT consulting
Business Overview
DII is the greenfield investment arm of Dubai
Investments across diversified industry sectors:
• Acquired 26.75% stake in King’s College Hospital
Healthcare LLC - total project value is AED 700
million
• Acquired 30% stake in Emirates Aluminium Rolling
LLC in KIZAD, Abu Dhabi – total project value is
AED 440 million
• Divested 100% of Marmum Dairy Farm and United
Sales Partners in 2016
• Acquired 90% in MODUL University Dubai
• Established University of Balamand in DIP in 2018
• Acquired 66% stake in Globalpharma in 2019
Ownership
100% Dubai Investments
Polystyrene insulation
board materials
Oilseed crushing facility
for vegetable oil
Overhead lifting solutions
and maintenance
Steel structure
manufacturing
Dubai Investments Industries
MODUL University Dubai University of Balamand
Dubai
Flat rolled aluminum
products
Kings college hospital
and clinics in Dubai
34
Business Overview
Premium quality glass solutions from float glass
manufacturing of high end architectural glass and float
laminated glass.
Five subsidiaries:
Emirates Float Glass UAE’s largest float glass facility with
capacity of 600t of glass per day
Emirates Glass Architectural glass
Saudi American Glass Architectural glass
Lumiglass Bullet resistant and special glass
Emirates Insolaire Colored solar glass and panels
Dubai Investments acquired additional 12.57% stake in
Emirates Float Glass, increasing its shareholding to 100%
in 2017
Ownership
100% Dubai Investments
Glass LLC
35
Business Overview
Emicool is a B2B and B2C district cooling company
that provides clean, efficient and innovative solutions to
a number of communities in the UAE.
Established in 2003 as joint venture between Dubai
Investments and Union Properties (50%:50%).
Acquired additional 50% controlled by Union Properties
in 2018.
Ownership
100% Dubai Investments
Emicool
36
Business Overview
Al Mal Capital, founded in 2005, is a diversified, multi-
line investment banking firm headquartered in Dubai.
Licensed and regulated by the UAE Central Bank, Al
Mal Capital offers a wide range of investment products
spread across its business lines of investment banking,
brokerage and asset management.
Dubai Investments acquired majority stake in Al Mal
Capital in 2015.
Ownership
66.61% Dubai Investments
Corporate
advisory
Capital
markets
Asset
Management
Direct
Investments
Al Mal Capital
37
This presentation has been prepared solely for informational purposes. The presentation may contain forward looking statements, which reflect our beliefs or current
expectations and assumptions regarding the future of the business, future plans and strategies, projections, anticipated events and trends, the economy and other
future conditions. Forward looking statements are neither historical facts nor assurances of future performance and can generally be identified by terminology
including "anticipate”, "aspire", "believe", "estimate", "expect", "forecast", "project", “outlook’, “guidance”, "strategy", "target", "trend", "future", "likely", "may", "should",
"will", "intend", "plan", "goal", "objective", "seek", “roadmap”, and other words of similar meaning or similar expressions.
By their nature, forward looking information and statements are subject to known and unknown uncertainties, risks and changes in circumstances that are difficult to
predict and not in our control. Our actual results of operational and financial conditions may differ materially from that or those indicated in the forward looking
statements. You should not place undue reliance on any of these forward looking statements.
Important factors that could cause our actual results of operational and financial conditions to differ materially from those indicated in the forward looking statements
include, among others: our ability to maintain adequate revenue levels and cost control; economic and financial conditions in the global markets and regional markets
in which we operate, including volatility in interest rates, commodity and equity prices and the value of assets; the implementation of our strategic initiatives, including
our ability to effectively manage the redeployment of our balance sheet and the expansion of our strategic businesses; the reliability of our risk management policies,
procedures and methods; continued volatility in the capital or credit markets; developments and changes in laws and regulations, including increased regulation of the
financial services industry through legislative action and revised rules and standards applied by the regulators.
Any forward looking statement made by the Company in the presentation is based only on information currently available to us and speaks only as to the date on
which this presentation is made. Past performance is not a reliable indication of future performance. We make no representations or warranties as to the accuracy, or
completeness of the information and shall not have any liability for any representations, express or implied, regarding the information contained in, or for any
omissions from, the information included in this presentation. We undertake no obligation to publicly update any forward looking statement whether as a result of new
information, future developments or otherwise. The information contained in the presentation is prepared to assist prospective investors in making their own
evaluation of information about the Company.
Disclaimer – Forward Looking Statements
