Aldar delivers record net profit

Aldar delivers record net profit

Abu Dhabi, UAE:

| |

| |

Revenue

| |

Gross Profit

| |

EBITDA

| |

Net Profit

| |

Q4

2022

| |

AED 3.1 bn

+ 39% YoY

| |

AED 1.3 bn

+ 10% YoY

| |

AED 1.1 bn

+ 26% YoY

| |

AED 1.0 bn

+ 28% YoY

| |

FY

2022

| |

AED 11.2 bn

+ 31% YoY

| |

AED 4.7 bn

+ 31% YoY

| |

AED 3.7 bn

+ 32% YoY

| |

AED 3.1 bn

+ 35% YoY

Group Financial Highlights

- AED 11.3 billion of acquisitions made over 13 transactions completed in 2022 across logistics, commercial, retail, education, and hospitality sectors, as well as geographic expansion across Abu Dhabi, Dubai, and Ras Al Khaimah.

- Transformational growth agenda is set to accelerate further over the next 12-18 months with AED 5 billion of surplus equity capital earmarked to fund a strong pipeline of value-accretive acquisitions.

- The AED 5.1 billion Apollo transaction demonstrates Aldar’s ability to attract foreign institutional capital, endorsing the fundamentals of UAE real estate, Aldar’s market-leading position within it, and the company’s growth strategy.

- The recent joint venture with Dubai Holding marks Aldar’s entry into the lucrative Dubai market, expanding the company’s geographic footprint, enhancing revenue diversification, and increasing its strategic land bank.

- Aldar is at the forefront of the Emirates’ net zero agenda with the recent launch of its comprehensive Net Zero Plan.

- Record-breaking year