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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

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

The deal makes Alphawave the latest tech company to depart London.

Invictus 2022 net profit $123.62m

This year, Abu Dhabi stands at the forefront of the Middle East's IPO market, with the world's largest listing.
By Hilal Mir
February 6, 2023 3:27 pm
  • The company's revenue grew by 103 percent from AED 2.94 billion in 2021 to AED 5.98 billion in 2022.
  • In a bourse disclosure, the company said the rise in revenue and net profit was driven by volume growth and entry into new markets and categories.

Dubai, UAE–Invictus Investment Company reported a net profit of AED454 million ($123.62 million) for 2022, a 62 percent increase over 2021 net profit of AED282 million.

The company’s revenue grew by 103 percent from AED 2.94 billion in 2021 to AED 5.98 billion in 2022. In a bourse disclosure, the company said the rise in revenue and net profit was driven by volume growth and entry into new markets and categories.

The filing said the earning per share during 2022 was AED 0.57, while the management said it was committed to supporting the core activities of the company for continued growth.

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