Abu Dhabi (Etihad)
During the first nine months of this year, Alpha Abu Dhabi recorded a net profit of 9 billion dirhams, an increase of 150% year on year, compared to 3.6 billion dirhams.
The company’s revenues grew 133% year-on-year to AED26.6 billion, with strong contributions from the healthcare sector, which continues to experience strong demand, and the real estate, construction and industrial sectors, which remain strong catalysts. for growth.
Revenues from foreign investment amounted to Dh 3.4 billion from the beginning of 2022 until the end of September, an increase of 160%.
Total assets amounted to AED 109.1 billion. The group also enjoys good funding and a solid financial position of Dh 16.9 billion, which it uses to support and implement its expansion plans across sectors and geographic regions.
Engineer Hamad Salem Mohammed Al Ameri, CEO of Alpha Holding Company, said in a statement: “The company has continued its success in achieving record financial results combined with the consolidation of its regional leadership position as a holding company. The company spared no efforts to bolster the strength of its diversified asset portfolio in combination with the positive momentum seen in the UAE markets, supported by solid economic fundamentals and a thriving capital market scene, contrary to expectations. global “.
