Alpha Dhabi Holding, one of the largest investment holding companies in the Middle East, reported revenues of AED18.8 billion ($5.1 billion) in 2021, reflecting 400 percent growth compared to AED3.80 billion in 2020, while the gross profit was AED5.1 billion in 2021 compared to AED 218 million for the previous year.
The company said the performance was driven by the strong and consistent business activities by its subsidiaries, mainly by the Health Care, Construction business and Hospitality verticals.
With AED 10 billion in paid capital and a workforce of around 60,000, Alpha Dhabi Holding was in the ideal position to achieve economic diversity and maximize efficiency by augmenting the performance of verticals and amplifying shareholders’ value through strategic investments locally and internationally, the company said.
Engr. Hamad Salem Alameri, CEO and Managing Director of Alpha Dhabi Holding, said: “We have achieved significant progress against our strategic priorities in 2021, culminating in a solid operational performance in the fourth quarter.”
He said Alpha Dhabi reported very strong commercial results across all of its key performance drivers, including Pure Health, National Marine Dredging Company and Trojan.
Alpha Dhabi Holding made strategic investments in 2021 by acquiring a 17.5 percent stake in Aldar which was increased to 30 percent at the year-end, 70 percent stake in Mawarid Holding Investment, and AED1 billion in TA’ZIZ, an industrial service, and logistics organization.
The company also bought a 68.5 percent stake in National Marine Dredging Company, 40 percent of Response Plus Medical, and 65 percent of Sandstorm Motor Vehicles Manufacturing.