63.4 billion dirhams revenues "Alpha Dhabi Holding" In 2024
Abu Dhabi, February 13/ WAM/ Alpha Dhabi Holding Company “Alpha Dhabi” announced an annual revenue of 63.4 billion dirhams, an increase of 40% on an annual basis for the period ending December 31, 2024.
This rise in revenues shows the continuous growth achieved by Alfa Dhabi since the initial public subscription that the company put forward in 2021, in addition to investments of strategic value in sectors that are witnessing high growth.
The net profit was recorded by 13.5 billion dirhams, compared to the same period in the year 2023, where it recorded 13.3 billion dirhams, which reflects the progress in the implementation of the strategy and growth through the main sectors and businesses and the firm commitment to achieving more value for the shareholders.
The net profits of operational operations amounted to 10 billion dirhams, an annual increase of 82% than they were previously, as they recorded 5.5 billion dirhams.
These strong financial results show the company’s commitment to achieving benefits and value added to the shareholders, while the net profits of operational operations are excluded one -time modifications resulting from the changes in the value of investments or the accounting method followed in one of its subsidiaries.
These revenues, which the group achieved, comes from the main contributions of the various business sectors, including the contribution of the industrial sector with a value of 26.3 billion dirhams, the real estate worth 18.1 billion dirhams, the construction of a value of 11.8 dirhams, the services and others with a value of 7.2 billion dirhams.
Alpha Dhabi strengthened its public budget with a total assets of 177.5 billion dirhams, an increase of 26% on an annual basis, while the company’s cash balance reached 28.8 billion dirhams, and the total property rights of 92.3 billion dirhams for the year ended in December 2024, which confirms the strong and stable financial situation The group and its great ability to adapt to all conditions.
In 2024, Alpha Dhabi’s Board of Directors approved the first distribution of profits to shareholders at a value of two billion dirhams, and the shareholders will receive profits with a value of two fils per share.
His Excellency Mohamed Thani, Murshid Ghanem Al -Rumaithi, Chairman of the Board of Directors, Alpha Dhabi Holding, said that “Alpha Dhabi Holding” achieved leading successes in 2024 in terms of its wide and transformational growth in various sectors and vital markets, noting that the company showed throughout the year dedication to work And precise strategic planning and decisive procedures resulted in the achievement of many striking achievements.
He expressed his confidence that the company’s investments in the sectors that are witnessing high growth will return at the value of our shareholders in the long run and push the company to achieve more success in the coming years.
For his part, Eng. Hamad Al -Amiri, CEO and Managing Director of Alpha Dhabi Holding, said that the strong financial performance of 2024, including the large increase in net profits and revenues, comes as a culmination of years of effort and perseverance, which pushes to move forward and enhance the company’s march towards achieving more From growth and expansion in various sectors.
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