Recent investments and acquisitions are paying off for Alpha Dhabi Holding, a subsidiary of the UAE’s International Holding Company. In a recent filing made with the Abu Dhabi Securities Exchange, Alpha Dhabi revealed that net profit for the first nine months of this year has reached AED 3.6b compared to last year’s total net profit of AED 184.4m *queue the smell of fresh air*.
The investments were made across a wide variety of sectors this year and include huge stakes in healthcare, hospitality, and oil companies. According to Alpha Dhabi’s filing, the acquisitions have added more than Dh31b to its balance sheet.
Alpha Dhabi’s revenue this year so far has grown by an impressive 341% from the same period last year, with 57% of this coming from investments made in real estate, construction, and industrial businesses.
Why it matters
International Holding Company and its subsidiaries are the type of companies that you can't put in a box. The economic instability caused by the COVID-19 pandemic have offered IHC opportunities to diversify across just about every business sector.
