Abu Dhabi – Mubasher: The net profits attributable to the owners of Alpha Dhabi Holding enlarged to AED 6.79 billion in the first nine months (9M) of 2022, compared to AED 2.15 billion in 9M-21.

Revenues totalled AED 26.62 billion in the January-September 2022 period, a leap from AED 11.35 billion in 9M-21, according to the financial results.

The basic and diluted earnings per share (EPS) stood at AED 0.68 in 9M-22, versus AED 0.35 in 9M-21.

In the third quarter (Q3) of 2022, the net profits attributable to shareholders plunged to AED 454.68 million from AED 1.32 billion in Q3-21, whereas the revenues jumped to AED 9.50 billion from AED 5.87 billion

Meanwhile, the basic and diluted EPS plummeted to AED 0.05 in Q3-22 from AED 0.13 in Q3-21.

CEO of Alpha Dhabi, Hamad Al Ameri, said: "Our diversified business continues to grow from strength to strength with a positive market sentiment in the UAE, underpinned by strong economic fundamentals and a buoyant capital markets landscape in contrast with the global outlook.”

Al Ameri added: “Looking ahead and backed by a strong liquidity position, we will remain active on the investment and acquisition front as we continue to deploy capital effectively in value-accretive opportunities that meet our strict return thresholds and also allow us to build scale and diversify our platform further while creating value for our shareholders.”

During January-June 2022, the ADX-listed firm reported net profits attributable to the equityholders worth AED 6.28 billion, higher than AED 831.62 million in the year-ago period.