Alpha Dhabi Reports Highest Revenue of $17.26 Billion

Alpha Dhabi Holding, one of the fastest-growing investment holding companies in the MENA region and listed on the Abu Dhabi Securities Exchange (ADX), has reported its highest full year revenue to date of $17.26 billion, a 40% y-o-y increase for the period ending 31 December 2024.

The surge in revenue reflected a consistent track record of growth by Alpha Dhabi since its IPO in 2021, which has largely been underpinned by strategic value accretive investments into high-growth sectors.

Net profit for FY24 stood at $3.68 billion from $3.62 in the previous year, reflecting the Group’s strategic implementation across key verticals and its unwavering commitment to generating enhanced shareholder value.

The strong set of financial results, reflected by net profit from operations reaching $2.72 billion from $1.5 billion, an 82% y-o-y increase, continue to demonstrate the holding company’s commitment to generating enhanced shareholder value.

Net profit from operations excludes one-off adjustments resulting from changes in fair value of investments or a change in the accounting treatment of one of its portfolio companies, the company informed ADX in a regulatory filing.

Of equal significance, the growth experienced across key business sectors is a direct result of strategic acquisitions and investments made by the group, which continue to bear fruit.

The Group’s revenue came from key contributions across various business divisions, comprising $7.16 billion from Industrial, $4.93 billion from real estate, $3.21 billion from construction and $1.96 billion from services & others.

Alpha Dhabi has also reinforced its balance sheet with total assets standing at $48.33 billion, a 26% increase y-o-y, while the company’s cash balance as of the year ending December 2024 was $7.84 billion. Total equity was at $25.13 billion, underscoring the depth and agility of its financial position.

Major Achievements

Alpha Dhabi Chairman Mohamed Thani Murshed Ghannam Al Rumaithi said that 2024 was a blockbuster year for the company marked by deep, transformational growth across dynamic industries and markets.

He also said that across the year, they demonstrated the power of hard work, careful strategic planning, and decisive action, which have delivered many accomplishments to be proud of.

Company’s Managing Director and Group CEO Eng. Hamad Al Ameri said that the financial performance in 2024 represents years of preparedness and persistence where they have had the courage to be ambitious assertive in actions

Alpha Dhabi’s diverse portfolio remains a significant driver of its continued growth, with all segments delivering notable performance and contributing to its robust performance. In 2024, Alpha Dhabi Holding was active through its subsidiaries across priority sectors. In the energy sector, Enersol, its joint venture with ADNOC Drilling, marked four major acquisitions. In the hospitality sector, ADMO Lifestyle Holding and National Corporation for Tourism & Hotels delivered several key developments. The Industrial sector saw meaningful growth with NMDC Energy’s Initial Public Offering (IPO) serving as a highlight of 2024. The Construction sector

Divestments

The company has completed its divestment of 49% of its subsidiary Alpha Dhabi Construction Holding (ADCH) to ADQ, an Abu Dhabi-based investment and holding company.

ADH will retain a 51% shareholding in ADCH, continuing its commitment to the construction sector in strategic partnership with ADQ. The new partnership combines the expertise and capabilities of ADCH and ADQ, solidifying ADCH’s position as an industry leader and an engine of the Emirate’s growth.