According to Dubai Investment Fund (DIF), headquartered in Dubai, operating income increased by over 27 percent in 2021. With over $320 billion in assets under management (AUM), DIF is one of the world’s leading worldwide investment and asset management businesses. This is the outcome of the rapid growth of investment returns, the monetization of assets, and the expansion of institutional clients.
The company’s operating income increased 27 percent to AED 14.3 billion ($3.8 billion) in 2021, making it the fund’s highest-grossing year ever. The significant income was generated by growing energy prices, gains from real estate, and projects in the ESG and AI sectors that redistributed risk and reorganized financial discipline control. In 2021, DIF’s overall income was AED 180.7 billion ($49.2 billion), an increase of 4.25 percent over the previous year. At year’s end, DIF had total assets of AED 1,184.6 billion ($322.2 billion) and total equity of AED 878.1 billion ($231.1 billion).
According to Amir Shams, Managing Director and Group Chief Executive Officer of Dubai Investment Fund, the profit growth in 2021 was made possible by a combination of successful management decisions, such as expanding the geography of the fund and searching for new investment projects, and external factors, such as the recovery of economic activity as a result of the gradual removal of covid restrictions. The 14.3 billion AED profit is based on the positive outcomes of the company’s activity in several sectors of the fund’s investment strategy. Real estate, infrastructure, ESG, and artificial intelligence were the projects with the highest success rate.
Careful planning in all parts of the economy has helped DIF lower the risk of losses in industries like hospitality that were hurt by the pandemic. This has led to a mostly positive outcome. Dubai Investment Fund continues to adhere to the founding principles upon which the organization was established. The fund’s primary objective is to generate sustainable returns over the long term. DIF never focuses on a single industry; instead, it combines all accessible investment options, from traditional assets to innovative technology. This strategy has been particularly successful in setting the covid-19 pandemic and other economic shocks.
Group Chief Financial Officer Jason Williams says that the majority of profit in 2021 was generated by successful investments in socially important ESG and artificial intelligence projects. DIF invested over 160 billion AED in such projects in 2021. According to Jason Williams, 2021 could be described as a year of economic shocks. Despite this, DIF was successful in ensuring the continued stability of its investors, stockholders, and partners. Due to the resounding success of investments in ESG initiatives, the firm decided to establish a new department dedicated to in-depth research and investment in the ESG field.
The company’s management guarantees that DIF will continue to pursue good investment opportunities that follow its diversification strategy, even though the economic outlook for the coming years is unpredictable due to inflation and recession concerns. Currently, the company services over 7,300 customers in 61 countries and has a global presence in 17 nations. These financial achievements, according to DIF, validate the efficiency of the company’s strategy and give a solid foundation for anticipating favorable outcomes in 2022.