Browsing: financial results

International Holding Company (IHC) has reported strong financial growth for 2024, highlighting its ability to drive robust performance and strategically manage its investment portfolio.

ADNOC Group’s listed companies reported AED 182.4B (USD 49.7B) in revenue for 2024, with EBITDA reaching AED 58.7B (USD 16B) and net profit exceeding AED 33B (USD 9B). The six firms plan to distribute AED 24.6B (USD 6.7B) in dividends, subject to shareholder approval, reinforcing their strategies for sustainable growth and shareholder returns.

NMDC Energy has announced robust financial results in its first full-year earnings since going public in September 2024. The company’s net profit surged 80 per cent year-on-year to AED 1.41B (USD 380M), up from AED 780M (USD 212.4M), driven by strong operations and strategic expansions.

Etihad Airways, the UAE’s national carrier, plans to go public no earlier than 2025, according to sources speaking to Reuters. If successful, it would be the first major Gulf airline to do so, aligning with Abu Dhabi’s ambitions to enhance its status as a global travel hub.