Abu Dhabi, UAE– Alpha Dhabi Holding reported a net profit of AED10.6 billion ($2.88 billion) for the full-year 2022, a 104 percent year-on-year from AED 5.2 billion, exceeding the Group’s target of AED10 billion.
Revenues hit AED 40.0 billion, which represents an increase of 114 percent, primarily driven by strong contributions from the existing portfolio and new acquisitions, particularly across core verticals such as real estate and construction, healthcare, and industrials.
These sectors continue to be key engines of growth for the Group, Alpha Dhabi said.
Hamad Al Ameri, CEO of Alpha Dhabi Holding, “Alpha Dhabi continues to go from strength to strength as we completed our first year as a listed company, which set the tone for 2022 and ushered a new phase of growth for Alpha Dhabi. We delivered a record set of results, driven by the successful execution of our growth agenda which continues to move forward at pace, resulting in enhanced scale, diversification, and earnings growth across our Group.”