Al Habtoor Group businesses surpass pre-Covid benchmark in H1 2022

Al Habtoor Group businesses surpass pre-Covid benchmark in H1 2022

UAE - Al Habtoor Group (AHG), the UAE-based privately-owned diversified business conglomerate, announced a robust performance for the first half of 2022 for the group on Friday.

The group witnessed a growth of 19 per cent compared to 2021 in revenues, and 36 per cent in EBITDA.

“We had a good year in 2021 where we saw a very promising recovery post-Covid, and I predicted last November an even better 2022. I am delighted to announce that this year did not disappoint. The revenues in our various divisions surpassed the previous year's recovery and pre-Covid times. Numbers don’t lie," said Khalaf Ahmad Al Habtoor, founding chairman of Al Habtoor Group (AHG).

“This shows that we have the right strategy and positioning as a group and a country overall. With the ongoing turbulent market environment and geopolitical uncertainties, the UAE is showing exceptional resilience due to the vision and policies set by its leadership and complemented by the local businesses.”

The growth has propagated across all the units. And the performance of various divisions reflecting the sectors of the UAE economy that its operates in.

"This upward trajectory started due to highly efficient crisis-management skills. And to overcome the significant ongoing challenges, we have taken numerous