Engineer Hamad Al Ameri

The year 2024 was a historic one for Alpha Dhabi Holding, where we grew exponentially to be bigger and better than before. The year can also best be described as one of action, where we swiftly and decisively captured new opportunities and made strategic investments across diverse, high-growth, future-centric industries.

Our financial performance in 2024 has come to reflect this relentless pace of growth, and we are eager to build upon this remarkable progress into 2025 and beyond.

As an ultra-diversified business, we operate in dynamic sectors such as energy, construction, healthcare, industry, hospitality, and real estate. These are industries that sit firmly within the UAE’s ambitions for the future — which means that Alpha Dhabi Holding is an important catalyst of the UAE’s ongoing transformative development.

As proof of this, in 2024, we pursued organic expansion across our portfolio, and we completed several strategic acquisitions. For instance, within our energy vertical, our joint venture with ADNOC Drilling Company (ADNOC Drilling), named ‘Enersol’, announced its first strategic investment with the contribution of Alpha Dhabi’s 25 per cent holding in Gordon Technologies. Enersol also acquired a 51 per cent equity stake in NTS AMEGA the precision manufacturing entity,  adding further depth to the Enersol proposition for the UAE’s energy sector. Enersol completed four transactions which should be reflected to demonstrate the pace of growth in 2024

NMDC, an Alpha Dhabi Holding subsidiary company, operating across engineering, procurement, and construction also had a memorable year, having been awarded new projects with a total award value of Dhs8.4bn. In September, NMDC Energy was listed on the Abu Dhabi Securities Exchange (ADX) following an Initial Public Offering (IPO) which was oversubscribed by 31.3 times. NMDC Energy’s IPO opened trading after drawing Dhs88bn in investment locally, regionally, and internationally — a significant feat.

Alpha Dhabi has also been focusing on construction – and more recently we entered a partnership with ADQ through a divestment of a 49 per cent stake in our construction group.

Of equal importance, healthcare remains top of mind, with PureHealth, the largest integrated healthcare network in the UAE delivering exceptional growth primarily driven by the growth in the hospitals segment. At the very same time, we’ve made swift forward strides in hospitality, announcing a strategic transaction that will unite St Regis Saadiyat, Cheval Blanc Maldives and the soon-to-open Cheval Blanc Seychelles with National Corporation for Tourism and Hotels (NCT&H).

Our luxury lifestyle subsidiary ADMO Lifestyle Holding announced the acquisition of Ce La Vi and a joint venture with Addmind Holding, called Alphamind, demonstrating Alpha Dhabi’s commitment to being a leading player in the luxury and lifestyle vertical.

All these activities in 2024, underscore our financial strength as well as our proprietary ability to source compelling M&A and investment opportunities. Now, as we narrow our sights on 2025 and beyond, we’ll increasingly look to make further strategic decisions that we’re confident will add more depth and sophistication to our diverse portfolio, enabling us to grow to even greater heights.

Our aim is to continue focusing on strategic acquisitions, geographic diversification, and rigorous corporate governance practices to ensure that we continue to deliver strong and sustainable returns for our shareholders and deep meaningful impact on the communities where we operate.

Crucially, we have agility and resilience across our business to insulate against any headwinds that may emerge globally, be they in the form of inflation or geopolitical uncertainties.

In the near term, Alpha Dhabi will continue to catalyse the UAE’s transformative development.