Abu Dhabi – Mubasher: Alpha Dhabi Holding logged net profits worth AED 13.28 billion in 2023, higher by 25% year-on-year (YoY) than AED 10.60 billion.

The company generated revenues valued at AED 45.41 billion last year, up 14% from AED 40.04 billion in 2022, according to the consolidated income statements.

Earnings per share (EPS) amounted to AED 1.06 in 2023, marking an annual rise from AED 0.73.

Alpha Dhabi’s resilient balance sheet is backed by a total asset base of AED 140.40 billion, coupled with a substantial cash reserve of AED 20.20 billion.

Hamad Al Ameri, Managing Director and CEO of Alpha Dhabi Holding, said: “As we advance into 2024, we are on a strong footing to enhance our core investment activities through strategic partnerships and acquisitions.”

“Our joint ventures with ADNOC Drilling and Mubadala is a testament to this ambition, as we will deploy up to AED 2.10 billion into oil field services and AED 1.70 billion into global credit opportunities,” Al Ameri noted.

As of 30 September 2023, the company’s net profits attributable to the owners enlarged to AED 9.75 billion from AED 6.79 billion a year earlier.