Abu Dhabi – Mubasher: ADNH Catering plans to increase the group's equity share in Compass Arabia Company Limited from 30% to 50%.
This aligns with the group’s strategic expansion plan in the region, including Saudi Arabia, according to a press release.
Last month, ADNH Catering traded 900 million shares, representing 40% of its share capital, on the Abu Dhabi Securities Exchange (ADX).
The ADX-listed company posted revenue worth AED 1.20 billion during the first nine months (9M) of 2024, resulting in earnings before interest, taxes, depreciation, and amortisation (EBITDA )of AED 167 million.
Pro forma net profit stood at AED 110 million at a robust net profit margin of 9%.
