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Business, Company News

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Amanat 2022 net profit up 24%

Amanat Holdings enjoys a strong growth trajectory across both platforms . (Amanat)
By Hilal Mir
February 21, 2023 4:15 pm
  • The company's total income grew 16 percent to AED 178.2 million in 2022, against the AED 153.7 million in 2021.
  • In a statement, the company said it has proposed dividends of AED 100 million, which is 88 percent of profit attributable to equity holders.

Dubai, UAE–Amanat Holding has reported a net profit of AED117.4 million ($31.96 million), a 14 percent increase over AED 103.4 million in 2021.

The company’s total income grew 16 percent to AED 178.2 million in 2022, against the AED 153.7 million in 2021.

In a statement, the company said it has proposed dividends of AED 100 million, which is 88 percent of profit attributable to equity holders.

Amanat’s Chairman Hamad Alshamsi said the company concluded nine transactions at a combined value of AED 2.5 billion during the past two years.

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