UAE-based investment holding company Alpha Dhabi Holding recorded gross profit of Dhs 5.1 billion in 2021, up from Dhs 218 million the previous year.
Revenues totaled Dhs 18.8 billion, marking a 400% increase from Dhs 3.8 billion in 2020, the company said, while announcing its preliminary financial results for the full year 2021 .
Alpha Dhabi Holding has recently made a series of strategic investments. He bought a 17.5% stake in Aldar, which was increased to 30% at the end of last year.
Read: Alpha Dhabi Holding increases its stake in Aldar Properties to 30%
It also acquired 100% of private investment company Murban last year.
Read: Alpha Dhabi acquires UAE hotel investment firm Murban
In addition, it bought out a 25.24% stake in Al Qudra Holding, as part of its MAD 8 billion strategic investment plan in key sectors in the UAE.
Read: UAE’s Alpha Dhabi Holding acquires 25% of Al Qudra Holding
It bought a 68.5% stake in National Marine Dredging Company, 40% in Response Plus Medical and a 65% stake in Sandstorm Motor Vehicles Manufacturing as well, the state news agency said. W.A.M. reported.
Hamad Salem Alameri, CEO and Managing Director of Alpha Dhabi Holding, said, “Alpha Dhabi delivered very strong business results across all of its key performance drivers, including Pure Health, National Marine Dredging Company and Trojan.
“We enter 2022 with strong momentum and are moving quickly to advance new business acquisitions that will contribute to the company’s MAD 8 billion investment plan in real estate, hospitality, healthcare, petrochemicals and other vital sectors; this remains at the heart of our strategy this year.