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19/03/2018 05:48 AST
Dubai Investments has announced that its private equity subsidiary Masharie LLC has divested its 50 per cent stake in Dubai International Driving Centre, Drive Dubai, for Dh35 million.
The stake sale generated an internal rate of return (IRR) of 21 per cent. Masharie was one of the founding partners of Drive Dubai in December 2012. Drive Dubai operates an 850,000 square feet, state-of-the-art training facility in Dubai Investments Park (DIP) in partnership with Belhasa International Group of Companies and Saif Belhasa Group.
Gulf News
06/08/2025
Dubai Investments, a leading diversified investment company listed on the Dubai Financial Market (DFM), has reported profit before tax of AED546.28 million ($148.73 million) for the six-month period
Trade Arabia
08/07/2025
Dubai Investments has announced that it has promoted Mushtaq Masood to the post of Chief Operating Officer (COO). Masood was till now the Group Chief Financial Officer (CFO).
As COO, he wi
Trade Arabia
25/03/2018
DUBAI Investments PJSC, the leading diversified investment company listed on the Dubai Financial Market, has announced plans to lead a consortium of investors to launch Arkan Bank, a wholesale Islami
Saudi Gazette
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14/08/2025
Bank ABC Islamic reported a net profit of $26.9 million for the first half of 2025, a 7.3% increase compared to $25.1 million for the same period last year.
The performance was driven by
Trade Arabia
14/08/2025
In a testament to the success of the Bank's ongoing digital transformation, Burgan Bank announced the successful renewal of its International Organization for Standardization and International Electr
Kuwait Times
14/08/2025
OQ Exploration and Production (OQEP), Oman's exploration and production company, has released its financial results for the first half of the fiscal year ending June 30, 2025.
The company r
Trade Arabia
14/08/2025
As part of its strategic partnership with LOYAC, and within its ongoing commitment to youth and society development, NBK sponsored the "Green Adventure" program aimed to build future leaders. The "Gr
Kuwait Times
14/08/2025
e&, a global technology group, has launched Monitoring-as-a-Service (MaaS), a groundbreaking solution set to redefine infrastructure monitoring in the UAE.
By enabling a new level of opera
Trade Arabia