Company Overview of Dunia Finance LLC
Dunia Finance LLC provides financial products and services. The company’s products include credit cards, personal and car loans, and fixed deposits. Additionally, it offers credit card promotion and financial planning services. Dunia Finance LLC was founded in 2006 and is based in Abu Dhabi, United Arab Emirates.
P.O. Box 44005
United Arab Emirates
Founded in 2008
Key Executives for Dunia Finance LLC
Chief Executive Officer and Executive Director
Head of Audit and Compliance
Compensation as of Fiscal Year 2016.
Dunia Finance LLC Key Developments
Dunia Finance Announces Earnings Results for the Six Month Period Ended 30 June 2016
Aug 10 16
Dunia Finance announced earnings results for the six month period ended 30 June 2016. During the six month period ended 30 June 2016, it reported net interest income of AED 291.2 million, an increase of 14.1% on the corresponding period in 2015. Net income was AED 84.5 million.
Dunia's Strategic Review To Conclude Shortly
Mar 23 16
Dunia Finance LLC is going to conclude a strategic review shortly. A strategic review of Dunia, including a potential stake sale, is expected to be concluded shortly, the Chief Executive of shareholder Waha Capital said on March 22, 2016. "The strategic review of Dunia started last year is to conclude soon. We are looking at options and what's best," Waha Capital PJSC boss Salem al-Noaimi told Reuters. He declined to elaborate or confirm the bidders. Sources told Reuters last August that these included UAE Exchange Centre LLC and Dubai shopping mall developer Majid Al Futtaim. Dunia Finance is set to expand its geographical footprint in the GCC, with considering new strategies that may include an initial public offering. According to Salem Al Noaimi, chairman of Dunia, the company will “very soon come to the market with a clarification” on the direction it plans to take.
Dunia Finance Reports Earnings Results for the Year 2015
Mar 22 16
Dunia Finance reported earnings results for the year 2015. The company announced that its net profit rose 14% in 2015 to AED 217.4 million. This record performance was driven by dunia's customer-centric strategy of deepening relationships through superior service, customized solutions, intelligent use of technology, enhanced platforms, highly-trained staff and careful expense control, the company said in an emailed statement. Net interest income rose 41% to AED 546 million in 2015.
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