Alpha Dhabi posts double digit growth for Q3 results

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Alpha Dhabi Holding (Alpha Dhabi), one of the fastest-growing investment holding companies in the MENA region, listed on the Abu Dhabi Securities Exchange, announced its financial results for the period ending September 30.

Alpha Dhabi reported robust financial results, with a noteworthy 29 per cent year-on-year increase in net profit, surging to Dhs11.6bn, as compared to Dhs9bn in the same period in 2022. This growth is attributed to a combination of organic expansion and strategic acquisitions, underscoring the Group’s commitment to enhancing shareholder value. Alpha Dhabi also witnessed a surge in revenue, reaching Dhs32.4bn, reflecting a substantial 22 per cent year-on-year increase compared to the same period last year (YTD 2022: Dhs26.6bn).

Alpha Dhabi said its diversified portfolio has been a major driver behind the growth in revenue.

The holding group has continued to expand its portfolio and invest in strategic sectors including hospitality and energy, as well as launching a Climate Capital platform.

In addition, the group has invested in to financial ventures spanning different geographies, including the MICAD Credit JV in collaboration with Mubadala and Alpha Wave Ventures.

The Group’s financial position remains strong, boasting total assets of Dhs133.6bn and a cash position of Dhs19.1bn as of September 30, 2023—owing to the strategic acquisitions and investments made since 2022 and notable performance seen across all segments during the period.

Highlights

• Nine month performance with net profit at Dhs11.6bn and revenue at Dhs32.4bn, up 29 per cent and 22 per cent respectively
• Growth is attributed to a combination of organic expansion and strategic acquisitions across its core verticals and diversified platform

Alpha Dhabi’s outlook

Hamad Al Ameri, CEO of Alpha Dhabi Holding, said: “Alpha Dhabi’s milestone of Dhs11.6bn in net profit for YTD September 2023 testifies to a remarkable journey of growth. Our success stems from a multifaceted strategy and we attribute this achievement to the synergy of a diversified portfolio that spans vital sectors, an unwavering commitment to best-in-class corporate governance, and the exceptional performance delivered by our dedicated colleagues and business leaders. This synergy has empowered us to unlock the true potential of our investments and deliver substantial value to our shareholders.

As we navigate the remainder of the year, our focus is on harnessing the significant momentum we have built and strategically driving further growth while seizing exciting investment opportunities. Our strategy revolves around expanding our portfolio through acquisitions and geographic diversification, with the overarching goal of extending our global footprint within the investment landscape.”

Through the rest of 2023, Alpha Dhabi is strategically poised to foster further growth and capture investment opportunities by incorporating new operating assets through acquisitions and geographical diversification, all the while enforcing a rigorous and exemplary corporate governance structure across the ADH portfolio of businesses.