92.7 billion dirhams revenues " World Holding" During 2024

Abu Dhabi, February 24/ WAM/ The “International Holding Company” recorded a strong increase in its revenues during the year 2024 by 54.2% to reach 92.7 billion dirhams, compared to the revenues of 2023 of 60.1 billion dirhams, while its operating profit grew by 49.1%, reflecting its exceptional financial performance .

Within its audited results for the full fiscal year 2024, the company attributed this to the strong performance in the real estate and construction sectors, marine constructions and birth works, hospitality and entertainment in addition to strategic acquisitions and expansion of projects and enhancing the efficiency of operational operations in addition to the contribution of the financial services and technology sectors in this success, by benefiting from Markets and fast digital progress.

The global holding company maintained its disciplined and studied approach, as it carried out exit operations of non -basic assets to direct its investments towards vital sectors with strong capabilities with the aim of enhancing the flexibility of the financial company.

The company’s total assets increased by 52% compared to the total assets in December 2023 to 401.8 billion dirhams, thanks to the strong results across all basic business sectors, strategic expansion in the portfolio, and disciplined and studied asset management.

The net profits after the tax was calculated 25.7 billion dirhams, which reflects the expected effects to allocate the company’s resources to a number of important projects and initiatives, and expand the work of a number of its subsidiaries.

In the same context, the profitability of the stock reached 7.2 dirhams, in line with the company’s strategy during the year 2024 to continue to focus on investments that enhance value in the long run, which would improve the returns of shareholders in the future.

The total property rights increased by 55.9% to 244.4 billion dirhams, which established a solid base for the global holding company to consolidate its financial position and upgrade its presence and its global investment imprint.

His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of the Board of Directors of the International Holding Company, said that the strong performance of the International Holding Company during the year 2024 is a significant evidence of our firm commitment to management of our investment portfolio with an effective approach, and to benefit from the capabilities of artificial intelligence in enhancing efficiency and re -investing in vital sectors of itself Promising growth capabilities, indicating the company following a successful strategic approach to implementing Exit from a number of mature assets to supply its portfolio with new and innovative investments, and to proceed with fixed steps to transform into a prominent global investment force, by building integrated vital networks to enhance value and push growth and overcome the traditional boundaries that separate different sectors to open new investment horizons.

For his part, Sayed Bosra Shuaib, CEO of the Global Holding Company, said that the year 2024 was a detailed year for the global Holding Company and we witnessed many important transformations and developments that reflected our continuous efforts to comply with the finest standards of excellence and achieve the targets of our strategic vision and we focused during the past year on strengthening our investment portfolio by giving Priority for promising investments that provide the highest value and generate flows A strong cash and raises our financial flexibility and our ability to achieve growth in all sectors, based on our disciplined and studied financial administration and our ambitious and innovative approach, what has established our position is a world leading company, and we look forward to moving forward towards more growth during the year 2025 and continuing to focus on expansion efforts, And benefit from our strong public budget, and invest in opportunities and companies that achieve returns for us High, in line with our long -term growth strategy.

It is noteworthy that the “Global Holding Company” will remain committed to taking advantage of the strength of its financial position to move forward in its expansion and innovation efforts through the sectors, explore new prospects and investment opportunities around the world and consolidate its pioneering position as a major contributor to the economic diversification process and add value to its shareholders in the long run.

In the context of this ambitious vision and aspirations, the company participated for the first time in the World Economic Forum 2025 in Davos and led a delegation from its main subsidiary companies to enhance communication with the most prominent world leaders, which gave it a distinctive platform for leading global dialogue on the most prominent developments and innovative solutions, building strategic partnerships, and confirmation Its commitment to sustainable economic growth and pushing innovation in the investment scene.

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