Alpha Dhabi Holding announced its financial results for the first quarter of 2024.
Showcasing robust performance across key business segments and unwavering commitment to shareholder value creation.
Key Highlights About Alpha Dhabi Holding:
-
Net Profit: AED 4.6 billion, reflecting a 232% increase in operating profit compared to Q1 2023.
-
Revenue: AED 14.2 billion, marking an 11% year-on-year growth.
-
Cash Balance: AED 21.5 billion, representing a 29% increase in liquidity.
Strategic Growth and Diversification:
-
Effective execution of the company’s growth strategy across core business sectors.
-
Strategic acquisitions and investments enhancing value for shareholders.
-
Diverse investment portfolio driving revenue growth and profitability.
Financial Highlights:
-
Strong financial position: Total assets of AED 147.4 billion and shareholders’ equity of AED 79.0 billion.
-
Profitability across sectors: Industrial, real estate, and construction investments contributing significantly to revenue and profit.
Leadership Comments:
Mohamed Thani Al Rumaithi, Chairman of Alpha Dhabi Holding:
“Our Q1 results demonstrate our ability to execute our growth strategy effectively and our unwavering commitment to excellence.
We remain committed to contributing to the UAE’s economic growth and diversification.”
Hamad Al Ameri, CEO and Managing Director of Alpha Dhabi Holding:
“The group’s strong performance reflects our focus on seizing opportunities across our diverse portfolio.
In addition to capitalizing on the evolving investment landscape.
We are committed to making strategic investments that enhance our position and drive Alpha Dhabi towards new horizons of growth and excellence.”
Alpha Dhabi Holding is well-positioned for continued growth and value creation.
This is due to its strategic focus, diversified portfolio, and strong financial position.
The company remains committed to pursuing accretive acquisitions and expanding its geographical reach.
Mentioning that Alpha Dhabi Holding’s Q1 2024 results demonstrate its resilience and adaptability.
As well as its unwavering commitment to long-term growth and shareholder value creation.
Read Also:
DP World’s Brand Value Has Jumped by 152.8%
National Committee of Biosecurity Discusses Many Critical Topics
