Alpha Dhabi Holding, one of the fastest-growing investment holding companies in the MENA region, has reported its highest full year revenue to date of AED 63.4 billion ($17.26 billion), a 40 percent year-over-year (YoY) increase for the period ending 31 December 2024, a statement from the company said.
The surge in revenue reflects a consistent track record of growth by Alpha Dhabi since its IPO on the Abu Dhabi Securities Exchange (ADX) in 2021, which has largely been underpinned by strategic value accretive investments into high-growth sectors, the statement added.
Net profit for the full year stood at AED 13.5 billion from AED 13.3 billion for the same period last year, reflecting the Group’s strategic implementation across key verticals and its unwavering commitment to generating enhanced shareholder value.
Read: Alpha Dhabi records $3 billion net profit in 9 months
The strong set of financial results, reflected by net profit from operations reaching AED 10.0 billion from AED 5.5 billion, an 82 percent YOY increase, continue to demonstrate the holding company’s commitment to generating enhanced shareholder value.
The Group’s revenue came from key contributions across various business divisions, comprising AED 26.3 billion from Industrial, AED 18.1 billion, from Real Estate, AED 11.8 billion from Construction, AED 7.2 billion from Services & Others.
Alpha Dhabi has also reinforced its balance sheet with total assets standing at AED 177.5 billion, a 26 percent increase YoY, while the company’s cash balance as of the year ending December 2024 was AED 28.8 billion. Total equity was at AED 92.3 billion, underscoring the depth and agility of its financial position.
In 2024, Alpha Dhabi’s board approved its first dividend, valued at AED 2 billion, with shareholders receiving dividends of AED 2 fils a share.
His Excellency Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of Alpha Dhabi Holding, said: “2024 was a blockbuster year for Alpha Dhabi marked by deep, transformational growth across dynamic industries and markets. Across the year, we demonstrated the power of hard work, careful strategic planning, and decisive action, which have delivered many accomplishments to be proud of. We’re increasingly confident that our investments in high-growth sectors will bring long-term value for our shareholders, setting the tone for many more successful years to come.”
Engineer Hamad Al Ameri, Managing Director and Group Chief Executive Officer of Alpha Dhabi Holding, said: “Our financial performance across 2024, including our net profit increase and record-breaking revenue growth represents years of preparedness and persistence where we’ve had the courage to be ambitious and we’ve been assertive in our actions. We view our success this year as another steppingstone that will advance us forward, further and farther than before with a relentless momentum into an exciting new phase of growth, diversification, and expansion.”
Alpha Dhabi’s diverse portfolio remains a significant driver of its continued growth, with all segments delivering notable performance and contributing to its robust performance.
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