Abu Dhabi – Mubasher: Alpha Dhabi Holding recorded net profits after tax worth AED 13.51 billion in 2024, up year-on-year (YoY) from AED 13.28 billion.
Total revenues increased by 40% to AED 63.39 billion as of 31 December 2024 from AED 45.41 billion in 2023, according to the financial results.
Basic and diluted earnings per share (EPS) retreated to AED 0.88 last year from AED 1.06 in 2023.
Alpha Dhabi also reinforced its balance sheet with 26% YoY higher total assets at AED 177.51 billion, while the company's cash balance stood at AED 28.80 billion.
Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of Alpha Dhabi Holding, said: “2024 was a blockbuster year for Alpha Dhabi marked by deep, transformational growth across dynamic industries and markets.”
“Across the year, we demonstrated the power of hard work, careful strategic planning, and decisive action, which have delivered many accomplishments to be proud of,” Al Rumaithi mentioned.
In 2024, Alpha Dhabi’s board approved its first dividend, valued at AED 2 billion, with shareholders receiving dividends of AED 2 fils a share.
As of 30 September 2024, the group’s net profits dropped by 4% YoY to AED 11.07 billion from AED 11.64 billion.
