Abu Dhabi – Mubasher: Alpha Dhabi Holding logged net profits worth AED 10.33 billion during the first half (H1) of 2023, up 30% year-on-year (YoY) from AED 7.89 billion.
Revenues hit AED 22.14 billion as of 30 June 2023, higher by 29% YoY than AED 17.12 billion, according to the income statements.
In the first six months (6M) of 2023, the basic and diluted earnings per share (EPS) stood at AED 0.88, an annual rise of 40% from AED 0.63 during H1-22.
Financial Results for Q2-23
The ADX-listed firm posted a YoY drop in net profit to AED 3.02 billion during the second quarter (Q2) of 2023, compared to AED 5.05 billion.
Revenues hiked to AED 9.36 billion in Q2-23 from AED 8.96 billion in Q2-22, while the basic and diluted EPS retreated to AED 0.23 from AED 0.43.
Hamad Al Ameri, CEO of Alpha Dhabi Holding, said: “Alpha Dhabi's dynamic performance in H1-23 showcases our strength and the resilience of our diversified portfolio.”
“The joint venture with Mubadala is a testament to our ambition, aiming to deploy up to AED 9 billion into global credit opportunities,” Al Ameri highlighted.
He elaborated: “This joint venture not only reinforces our investment diversification strategy but also paves the way for Alpha Dhabi to enter into the private credit market.”
“Our strong cash position of AED 17.60 billion allows us to confidently invest in growth opportunities across a variety of sectors and geographies and make astute investment decisions that add value to our portfolio and benefit our shareholders in the short and long term,” the CEO added.
As of 31 March 2023, the ADX-listed firm reported AED 7.31 billion in net profit, higher by 161% than AED 2.83 billion during the same period in 2022.
