Investment Corporation of Dubai announces record Revenues, Net Profit, Assets and Equity.

Record Net Profit for the 6-month period2023 of AED 28.3Billion.

Record Assets of AED 1.25Trillion.

Dubai – 23 November2023 – ICD announced today its consolidated financial results for the six-month period ended 30June 2023having generated record Revenues of AED 145.1 Billion and a record Net Profit of AED 28.3 Billion.

Revenues reached a record AED 145.1Billion, up20 percent with an increaseof AED 24.0 Billion compared to the prior year period, due to the significant rise in travel andtourism activities reflected in the Transportation and Other segments, and a jump in Banking & Financial Services revenues on higher interest ratesand strong lending growth. Overall, revenues increasedfaster than operational costs, boosting margins.

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