According to Amac News, Based on the IHC, the company’s revenue reached AED 92.8 billion, representing a significant increase of 54.4% compared to AED 60.1 billion in 2023.
This strong financial performance was driven by effective contributions from key segments including real estate and construction, as well as marine and dredging. These segments have thrived due to market demand, strategic acquisitions and successful project execution.
Total assets increased to AED 401.7 billion, up 52% ​​from December 2023, driven by significant investments and portfolio expansion across diverse industries. Total equity also increased significantly to AED 244.1 billion in FY2024, reflecting IHC’s strengthened financial position with a significantly expanded asset base.
The company’s net profit after tax reached AED 25.5 billion, reflecting an expected adjustment as resources were directed towards high-impact initiatives and expansion of subsidiaries.
Similarly, earnings per share were adjusted to AED 7.08, in line with the strategy of focusing on ongoing value-adding investments in 2024 and are expected to lead to increased shareholder returns going forward.