Alpha Dhabi Holding, based in Abu Dhabi, has reported a strong first-half performance with revenue increasing by 32 per cent to Dh29.3 billion. Net profit also surged by 92 per cent to Dh5.1 billion, and gross profit jumped by 38 per cent to Dh6.4 billion year-on-year. The company attributed this remarkable performance to the impact of strategic investments across all business segments. Industrial contributed 41 per cent, real estate 30 per cent, construction 17 per cent, and energy, hospitality, and climate capital represented 12 per cent of the portfolio.
According to a statement released by the company, the diversity of Alpha Dhabi’s portfolio has been a significant driver of its continued growth, with all segments delivering notable performance and contributing to the increase in profit. The company has also reinforced its balance sheet with half-year total assets at Dh155 billion and a cash balance of Dh20.7 billion. Half-year total equity was at Dh81.2 billion, reflecting the depth and resilience of the company’s financial position.
Looking ahead, Mohamed Thani Murshed Ghannam Al Rumaithi, chairman of Alpha Dhabi Holding, expressed optimism about the future. He stated that the company’s portfolio is geared towards catalyzing opportunities for enterprises to transform and adapt through innovation and sustainability. CEO Eng. Hamad Al Ameri highlighted the company’s significant performance across its portfolio, adding strategic investments in high-growth industries that are shaping the future.
Despite total gains in the first half of the year being lower than the corresponding period in 2023, Alpha Dhabi Holding remains committed to generating enhanced shareholder value. The company’s strategic investments in diverse, future-centric industries continue to set it apart as a leading regional investment holding company. As the group faces challenges such as the adoption of Corporation Tax in the UAE in 2024, Alpha Dhabi Holding remains focused on deepening its presence in key markets and sectors to drive further growth and value creation.
In conclusion, Alpha Dhabi Holding’s strong first-half performance reflects its commitment to strategic investments and generating value for shareholders. With a diverse portfolio and a focus on future-centric industries, the company is well-positioned to capitalize on growth opportunities. Despite challenges in the market, Alpha Dhabi Holding remains resilient and forward-looking, with a clear vision for the future. As it continues to expand its presence and make meaningful partnerships, the company is poised to deliver impact and value wherever it operates.
