Alpha Dhabi reports record Dh9 billion 9-month profit

Alpha Dhabi reports record Dh9 billion 9-month profit

Abu Dhabi: Alpha Dhabi Holding has announced its financial results for the 9-month period ending September 30, 2022, with net profit of Dh9 billion, up 150 per cent year-on-year from Dh3.6 billion. Revenues also grew significantly standing at Dh26.6 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." Alpha Dhabi continues to pursue acquisitions and investments as part of Its growth strategy and has announced several key transactions over the quarter. This includes the acquisition (subject to closing and regulatory approvals) - through Alpha Dhabi's subsidiary Pure Health - of a minority equity stake in Ardent