Dubai, UAE — Alpha Dhabi Holding (Alpha Dhabi) has posted a substantial 29 percent year-on-year surge in net profit to AED 11.6 billion ($3.15 billion), up from AED 9 billion during the same period in 2022.
Alpha Dhabi’s revenue also increase by 22 percent during this period, reaching AED 32.4 billion, compared to AED 26.6 billion in the previous year period.
The group said it has continually expanded its portfolio and invested strategically in sectors such as hospitality, energy, and the launch of a Climate Capital platform. Additionally, they have ventured into financial endeavors across different geographies, including the MICAD Credit JV in partnership with Mubadala and Alpha Wave Ventures.
Alpha Dhabi’s total assets reached AED 133.6 billion, with a cash position of AED 19.1 billion as of September 30, 2023, thanks to acquisitions and investments made since 2022, as well as impressive performance across all segments during the period, the group said.
Eng. Hamad Al Ameri, CEO of Alpha Dhabi Holding, said, “Our success stems from a multifaceted strategy, and we attribute this achievement to the synergy of a diversified portfolio that spans vital sectors, an unwavering commitment to best-in-class corporate governance, and the exceptional performance delivered by our dedicated colleagues and business leaders.”
