Multiply Group in Abu Dhabi generates a net profit of Dh9 billion in Q3-2022 alone

Multiply Group, situated in Abu Dhabi and part of the IHC portfolio, has shown one of the highest earnings by a listed company in the UAE, with Dh9.29 billion in the three months from July to September 2022. Investment and other revenue contributed Dh9.25 billion to the total.
Last year, same three-month period, profit was Dh124 million. “Multiply Group delivered a strong quarter with substantial investment gains and continued growth of our verticals,” said Samia Bouazza, Group CEO and Managing Director. “Going forward, we are actively ensuring deal flow continues at a similar pace throughout the fourth quarter and into next year.
The investment company did this while generating revenues of Dh284 million. (Assets were at Dh30 billion.) The stock shot up 2.54 percent early Friday, to Dh4.04 with the traded value at Dh42.29 million in the first 5 minutes.