With record revenue of Dh14.2 billion in the first quarter, there was an 11% year-over-year increase. Additionally, the period saw a remarkable 232% increase in net profit from operations over the first quarter of 2023. Additionally, the group stated that it has increased its cash balance by 29% to Dh21.5 billion since listing on the Abu Dhabi Securities Exchange.
The noteworthy profitability of Alpha Dhabi indicates both the continuous pursuit of excellence and our ability to carry out our growth plan. stated Alpha Dhabi Holding chairman Mohamed Thani Alrumaithi. Overall, the quarter’s results demonstrate our ongoing commitment to key industries for the UAE’s current and future economies, with year-over-year growth evident.
Alpha Dhabi’s CEO, Hamad Al Ameri, stated that the business began 2024 in the same manner that it concluded 2023: by putting forth a strong performance and maintaining its unwavering growth momentum. “Our exceptional Dh14.2 billion in revenue and a 232% increase in net profit from our core business operations demonstrate the speed at which we’re pursuing opportunities across our diverse portfolio and the investment landscape.
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