UAE’s Alpha Dhabi Holding posts Dhs5.1bn in net profit for 2021

UAE-based investment holding company, Alpha Dhabi Holding, recorded a net profit of Dhs5.1bn in 2021, compared to Dhs218m reported in the previous year.

Revenues totalled Dhs18.8bn, marking a 400 per cent increase compared to Dhs3.8bn in 2020, the company said, while announcing its preliminary financial results for the full year of 2021.

Alpha Dhabi Holding PJSC, is pleased to announce its preliminary financial results, for 2021. pic.twitter.com/jYdbSzeCRa

— Alpha Dhabi Holding (@adh_uae) February 11, 2022

Alpha Dhabi Holding made a series of strategic investments recently. It acquired a 17.5 per cent stake in Aldar, which was increased to 30 per cent by end of last year.

Read: Alpha Dhabi Holding raises stake in Aldar Properties to 30%

It also fully acquired the privately-owned investment company Murban last year.

Read: Alpha Dhabi acquires UAE hospitality investment company Murban

Additionally, it bought out a 25.24 per cent shareholding in Al Qudra Holding, as part of its Dhs8bn strategic investment plan across key sectors in the UAE.

Read: UAE’s Alpha Dhabi Holding acquires 25% of Al Qudra Holding

It bought a 68.5 per cent stake in National Marine Dredging Company, 40 per cent in Response Plus Medical, and a 65 per cent stake in Sandstorm Motor Vehicles Manufacturing as well, official news agency WAM reported.

Hamad Salem Alameri, CEO and managing director of Alpha Dhabi Holding, said: “Alpha Dhabi reported very strong commercial results across all of its key performance drivers, including Pure Health, National Marine Dredging Company and Trojan.”

“We enter 2022 with strong momentum and are moving with speed to bring forward new business acquisitions that will contribute to the company’s Dhs8bn investments plan in real estate, hospitality, healthcare, petrochemicals, and other vital sectors; this remains at the core of our strategy this year.”