Sunday, July 14, 2024

3.6 billion dirhams, “Alpha Abu Dhabi” profit in 9 months

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Alpha Abu Dhabi Holdings’ net profit rose to 3.65 billion dirhams in the first nine months of this year, up about 185 million dirhams compared to the same period last year.

The company told the Abu Dhabi Stock Exchange that its revenue rose to 11.4 billion dirhams in the first nine months of this year, equivalent to 341% annual growth in investment in the healthcare sector. In addition to real estate investments, building and construction and industrial work, it still sees great demand during epidemics.

The company recorded a total profit of 3.76 billion dirhams, mainly in the acquisition made in 2021, including the acquisition of the entire stake in Marban Energy Limited and the acquisition of a 70% stake in Mauritius Holding.

The company has confirmed its commitment to support and enhance investments in the company’s core activities to achieve sustainable growth through the acquisition and acquisition of several new operational assets, as well as the Group’s management plans and policies over the coming months. And its investment portfolio, in order to support business growth with efficient management and control structures.

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Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

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