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Company News, Business

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

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Equinor signs $27 bn gas deal

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ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

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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