Alpha Dhabi Holding reported a 40% year-on-year increase in revenue for 2024, reaching Dh63.4 billion. Net profit stood at Dh13.5 billion, marginally up from Dh13.3 billion the previous year. The company’s net operating profit rose by 82% to Dh10 billion, reflecting strategic investments across key sectors.
The industrial segment contributed Dh26.3 billion to revenue, followed by real estate at Dh18.1 billion, construction at Dh11.8 billion, and services and others at Dh7.2 billion. Total assets increased by 26% to Dh177.5 billion, with a cash balance of Dh28.8 billion.
In 2024, Alpha Dhabi declared its inaugural dividend of Dh2 billion, distributing Dh2 fils per share to shareholders.
“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,” said HE Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of Alpha Dhabi Holding. “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.”
“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,” said Eng. Hamad Al Ameri, Managing Director and Group Chief Executive Officer of Alpha Dhabi Holding. “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.”
