Alpha Dhabi reports record 9-month net profit of $2.45bln

Alpha Dhabi reports record 9-month net profit of $2.45bln

ABU DHABI - Alpha Dhabi Holding has announced its financial results for the 9-month period ending 30th September 2022, with net profit of AED9 billion, up 150 percent year-on-year from AED3.6 billion.

Revenues also grew significantly standing at AED26.6 billion, representing a year-on-year increase of 133 percent with strong contributions from the existing portfolio in the healthcare sector, which continue to see strong demand, and from the real estate, construction and industrial verticals, which continue to be strong drivers of growth for the Group.

Hamad Al Ameri, CEO of Alpha Dhabi Holding, said, "Alpha Dhabi has delivered another set of record financial results as we continue to cement our position as a leading regional investment holding company. Our diversified business continues to grow from strength to strength with a positive market sentiment in the UAE, underpinned by strong economic fundamentals and a buoyant capital markets landscape in contrast with the global outlook.”

“Over the year, we deployed and committed a significant amount of capital adding considerable scale and diversification to our portfolio as we expanded into new markets and enhanced earnings growth across our platform. Looking ahead and backed by a strong liquidity position, we will remain active on the investment and acquisition