Dear Dubai Investments’ employees,

It is no surprise that the whole world is dealing with the effects of the pandemic, and while we have all been impacted by its consequences, it has also demonstrated the resilience of our businesses under these trying economic circumstances.

Despite these challenges, we have adapted well to the market trends, and have worked in close cooperation with our subsidiaries to ensure that they remain resilient and receive the support needed.

In October 2020, our subsidiary Al Mal Capital, announced the launch of Al Mal Capital REIT, the first REIT IPO to be listed on DFM in three years. A key testament to our commitment to the UAE and delivering long term value to our investors. Al Mal Capital REIT is a closed-ended real estate investment trust founded by our wholly owned subsidiary Al Mal Capital, which has listed its units on the Dubai Financial Market (DFM) in January 2021.

Although the impact of the pandemic on the global economy and investor confidence is likely to continue this year, we are optimistic that our cautious investment approach will support our growth as a group throughout 2021. The growth of our portfolio will be supported in the coming months, by the completion of the all three phases of our Mirdif Hills real estate project and the other planned expansion of our business activities across the region.

In parallel to reinforcing our financial position and ensuring the long-term growth of our key sectors, Dubai Investments has also strengthened its position as a pioneering company in the field of sustainable investments. In 2020, Dubai Investments climbed to the 4th place of the ESG Invest Dubai Financial Market’s rankings, from 16th the year prior, becoming the best-rated financial company in ESG, listed on the Dubai Financial Market (DFM). This achievement has been made possible by strategic investments across all our businesses to optimize our environmental and social impacts.

Over the next quarter, Dubai Investments will continue taking a long-term and diversified approach to investments by focusing particularly on merger and acquisition transactions, increasing its investments in the education sector, and launching new real estate projects within the region and overseas.

On behalf of Dubai Investments, I thank you all for your hard work in 2020 and look forward to continuing on this path of growth and expansion throughout 2021.

Khalid Bin Kalban
Vice Chairman & CEO

Business Highlights

Globalpharma records a 17% growth over last year

Dubai Investments Park (DIP) increases power generation capacity by 16.66% through 7th energized DEWA substation

Dubai Investments continues supporting Expo 2020 development

Emicool integrates Artificial Intelligence (AI) into Command Control Centre (CCC)

As part of Dubai Investments digital transformation program, Dubai Investments IT (TechSource) helped Globalpharma move all their processes on #SAP S/4HANA cloud successfully in a record period of 8 months.
Emirates Glass adds Emicool DSR series to its high performance, “low-E” glass product range.
Emirates Float Glass recorded sales of over 21,000 MT in January 2021, its highest ever monthly sales volume since inception.
Expo 2020’s Monaco Pavilion, featuring a polygon-shaped structure covered by Emirates Insolaire Kromatix™ solar panels, was officially inaugurated on 28th March.
University of Balamand Dubai (UOBD) launches the new Executive Development Centre (EDC) to address learning and skills-development needs of professionals.
Emirates Glass supplies glass for Princess Nourah Bint Abdulrahman University, the largest Women’s University in Saudi Arabia.
Globalpharma announces distribution agreement with Aster Pharmacies
Dubai Investments announces guaranteed paid internship opportunities to UOBD graduates

DI in Action

Dubai Investments celebrates International Women’s Day
Office Ergonomics session organized at DI’s headquarters on Feb 14th
Dubai Investments’ CIO, Venkatesh Mahadevan, took part in the Remote Workforce Summit organized by Khaleej Times on 15 March 2021
Globalpharma conducts online industrial internship program for Higher Colleges of Technologies’ Emirati female senior students.
Dubai Investments introduces Yammer, a corporate social platform facilitating employees’ internal communications
Globalpharma presents proposals as part of the Future of Industry Dialogue to Minister of Industry and advanced technology and Ministry of Health & Prevention