Alpha Dhabi Holding PJSC (“Alpha Dhabi” or “the Group”), one of the fastest-growing investment holding companies in the UAE, listed on the Abu Dhabi Securities Exchange (ADX: AlphaDhabi), has announced its financial results for the 9-month period ending 30 September 2022.
Throughout the year Alpha Dhabi has continued to ramp up its transaction activity, building on its strong performance across its core verticals and diversified platform. As a result, Alpha Dhabi reported a strong set of financial results for the 9-month period ending 30 September 2022 with a net profit of AED 9 billion, up 150% year-on-year from AED 3.6 billion. Furthermore, revenues also grew significantly standing at AED 26.6 billion, representing a year-on-year increase of 133% with strong contributions from the existing portfolio in the healthcare sector, which continue to see strong demand, and from the real estate, construction, and industrial verticals, which continue to be strong drivers of growth for the Group.
Eng. Hamad Al Ameri
Eng. Hamad Al Ameri, CEO of Alpha Dhabi Holding, said: “Over the year, we deployed and committed a significant amount of capital adding considerable scale and diversification to our portfolio as we expanded into new markets and enhanced earnings growth across our platform. Looking ahead and backed by a strong liquidity position, we will remain active on the investment and acquisition front .”
“Alpha Dhabi has announced several key transactions over the quarter. This includes the acquisition (subject to closing and regulatory approvals) – through Alpha Dhabi’s subsidiary Pure Health – of a minority equity stake in Ardent Health Services, the fourth largest privately held acute care hospital operator in the US. Furthermore, Alpha Dhabi continues to build on its ESG and sustainability commitment and credentials having acquired a minority stake in Kalyon Enerji, a clean and renewable energy company based in Turkey at the beginning of October.”
“This transaction also represents Alpha Dhabi’s first foray into the Turkish market. Alpha Dhabi’s portfolio expansion outside of the UAE continues to bear fruit with overseas revenue accounting for AED 3.4 billion year-to-date 2022, representing a 160% increase year-on-year.”
Alpha Dhabi’s balance sheet remains strong and continues to grow with AED 109.1 billion in total assets, up significantly from year-end 2021 on the back of strong investment activity and the recent consolidation of Aldar Properties. The Group remains well-funded with a strong cash position of AED 16.9 billion to support and drive the execution of the Company’s growth and expansion across both sectors and geographies. “