One of the Middle East’s largest investment holding companies, Alpha Dhabi reports a net profit of Dh5.1 billion for the financial year ending December 31, 2021, with revenues worth Dh18.8 billion, reflecting a 400 percent growth as compared to the gross profit of Dh218 million and revenues of Dh18.8 billion in 2020.
Alpha Dhabi Holding’s resilient performance was driven by the subsidiaries’ strong and consistent business activities, mainly by the healthcare, construction business, and hospitality verticals. With Dh10 billion in paid capital and a workforce of around 60,000, Alpha Dhabi Holding was in the ideal position to achieve economic diversity and maximize efficiency by augmenting the performance of verticals and amplifying shareholders’ value through strategic investments locally and internationally.
Hamad Salem Alameri, CEO and managing director of Alpha Dhabi Holding said: “We have achieved significant progress against our strategic priorities in 2021, culminating in a solid operational performance in the fourth quarter. Alpha Dhabi reported very strong commercial results across all of its key performance drivers, including Pure Health, National Marine Dredging Company, and Trojan.”
On top of its strong commercial results across all its key performance drivers, Alpha Dhabi Holding made strategic investments in 2021 by acquiring a 17.5 percent stake in Aldar which was increased to 30 percent at the year-end, 70 percent stake in Mawarid Holding Investment, and Dh 1 billion in TA’ZIZ, an industrial service, and logistics organization. The company also bought a 68.5 percent stake in National Marine Dredging Company, 40 percent of Response Plus Medical, and 65 percent of Sandstorm Motor Vehicles Manufacturing.
“We enter 2022 with strong momentum and are moving with speed to bring forward new business acquisitions that will contribute to the company’s Dh 8 billion investments plan in real estate, hospitality, healthcare, petrochemicals, and other vital sectors; this remains at the core of our strategy this year,” added Alameri.
The company is not only one of the largest but also the fastest-growing investment holding company in the UAE. Alpha Dhabi reveals its future expansion strategy that will target investment of Dh8 billion in diverse sectors. Along with this, it plans to continue its investment in the ongoing main platforms including real estate, healthcare and construction, local as well as overseas, thereby raising the total shareholder value.
