On Thursday, Abu Dhabi-based Alpha Dhabi Holding revealed a robust first-half performance, with revenue increasing by 32% to Dh29.3 billion, net profit soaring by 92% to Dh5.1 billion, and gross profit jumping by 38% to Dh6.4 billion year-on-year. The company attributed this exceptional performance across all business segments to strategic investments.
Alpha Dhabi’s portfolio strength was evident, with industrial contributions making up 41%, real estate 30%, construction 17%, and energy, hospitality, and climate capital accounting for 12%. The diverse portfolio has been a key driver of continued growth, with all segments contributing significantly to the profit increase.
The company has maintained a strong financial position, with half-year total assets at Dh155 billion and a cash balance of Dh20.7 billion. Total equity stood at Dh81.2 billion, reflecting the depth and resilience of its financial status. Alpha Dhabi is focused on building a resilient and forward-looking portfolio through 2024, aiming to catalyze opportunities that encourage innovation and sustainability.
Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of Alpha Dhabi Holding, emphasized the company's commitment to future-oriented strategies. Eng. Hamad Al Ameri, CEO, highlighted the company's strong performance and strategic investments in high-growth industries, with net profit from operations surging by 92% to Dh5.1 billion.
Total gains in the first half of the year were Dh2 billion, lower than the previous year due to the derecognition of PureHealth and the adoption of Corporation Tax in the UAE in 2024. The results underscore Alpha Dhabi's strategic implementation and commitment to enhancing shareholder value, demonstrating its position as a leading regional investment holding company.
