Alpha Dhabi Achieves Record Revenue Of AED 63.4 Billion For 2024 With Strong Profit Growth

Alpha Dhabi Holding PJSC has achieved its highest annual revenue to date, reaching AED63.4 billion for the year ending 31st December 2024. This marks a 40% increase compared to the previous year. The company’s growth trajectory since its IPO in 2021 has been driven by strategic investments in high-growth sectors.

The net profit for the year was AED13.5 billion, slightly up from AED13.3 billion in 2023. This reflects Alpha Dhabi's strategic focus on key sectors and its commitment to enhancing shareholder value. Operational net profit rose significantly to AED10.0 billion from AED5.5 billion, an 82% increase year-on-year.

Alpha Dhabi's revenue was bolstered by contributions from various divisions: Industrial at AED26.3 billion, Real Estate at AED18.1 billion, Construction at AED11.8 billion, and Services & Others at AED7.2 billion.

The company's balance sheet showed strength with total assets of AED177.5 billion, a 26% increase from the previous year. The cash balance stood at AED28.8 billion as of December 2024, while total equity reached AED92.3 billion, highlighting financial resilience.

In 2024, Alpha Dhabi's board approved its inaugural dividend of AED2 billion, distributing dividends of AED2 fils per share to shareholders.

Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of Alpha Dhabi Holding, stated: "2024 was a blockbuster year for Alpha Dhabi marked by deep, transformational growth across dynamic industries and markets." He emphasized the importance of strategic planning and decisive action in achieving these results.

Leadership Insights and Future Outlook

Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding, commented on the company's performance: "Our financial performance across 2024... represents years of preparedness and persistence where we've had the courage to be ambitious and we've been assertive in our actions."

The company remains optimistic about future growth prospects through continued investments in high-growth sectors aimed at delivering long-term value for shareholders.

With inputs from WAM