Amanat Holdings net profit up 7% to AED67.4mn in H1 2022

Amanat Holdings net profit up 7% to AED67.4mn in H1 2022

Local News, Uncategorized















Dubai / WAM

Amanat Holdings has announced its financial results for the first six months of this year, reporting an adjusted net profit of AED67.4 million, a 7 percent increase on the AED63.1 million reported in the same period of 2021.

On an adjusted basis, excluding the prior year’s gain on sale and trading results from divested entities, the Company recorded a total income of AED96.7 million, an increase of 14 percent on the AED85.1 million recorded in H1 2021.

Commenting on the results, Amanat’s Chairman Hamad Abdulla Alshamsi said, “In the first half of 2022, we have seen steady growth across our portfolio companies which is reflected in our bottom line. With expansions underway across CMRC, MDX, Nema, and Sukoon, we are excited for the phase ahead where we see Amanat capitalising on further growth opportunities in addition to deploying capital into assets that complement our existing platforms.

“Despite global economic concerns, Amanat remains well positioned to continue to deliver on its strategic growth objectives supported by its geographic and sector focus,” he added.

Amanat’s Chief Executive Officer Dr. Mohamad Hamade, said, “We have witnessed our portfolio