Emirates Group, which last week announced Dh4.2 billion ($1.1 billion) net profits for year ending March 31, 2010, will pay Dh1.6 billion, or more than a third of its profits, to its shareholder, the Dubai Government.
That's been obvious for months now. Many, many reports for quite some time in various business publications detailing how the debt burden which was paid by AD will be recouped from gov't holdings.