Alpha Dhabi Holding Company has announced by publishing a report that the group's net profit has increased by 4.6 billion dirhams during the first three months of the year.
Publish dateMonday 6 May 2024 - 17:14
The company also reported a 29% increase in its cash balance for the year to 21.5 billion dirhams.
Mohamed Thani Alrumaithi, chairman of Alpha Dhabi Holdings, said: "Our quarterly results reflect continued year-on-year growth and send a strong signal about our commitment to vital sectors in the UAE's current and future economy."
The strong performance in the quarter was attributed to a combination of factors, particularly organic expansion across its portfolio and strategic acquisitions.
The company's portfolio has had a significant contribution in the industrial, real estate and construction sectors, which constitute 37%, 33%, 18% of the total revenue, respectively.
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Source : news agency wam
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