Alpha Dhabi Reports Record-Breaking AED 63.4 Billion Revenue in 2024

Real Estate

Alpha Dhabi Reports Record-Breaking AED 63.4 Billion Revenue in 2024

82% YoY Growth in Net Operating Profit Underscores Strategic Expansion

Alpha Dhabi Holding PJSC (ADX: AlphaDhabi), one of the fastest-growing investment holding companies in the MENA region, has announced its highest-ever full-year revenue of AED 63.4 billion for 2024, marking a 40% year-on-year (YoY) increase. The company also reported an 82% surge in net operating profit, reaching AED 10 billion, highlighting its strategic expansion across key sectors.

The company’s revenue growth has been driven by its well-planned investments in high-growth industries, with major contributions coming from the Industrial sector (AED 26.3 billion), Real Estate (AED 18.1 billion), Construction (AED 11.8 billion), and Services & Others (AED 7.2 billion).

Strong Financial Performance and Dividend Announcement

Alpha Dhabi’s net profit stood at AED 13.5 billion, up from AED 13.3 billion in 2023, reflecting sustained execution of its strategic plans. The company’s total assets grew to AED 177.5 billion, a 26% YoY increase, while total equity reached AED 92.3 billion. The company ended 2024 with a cash balance of AED 28.8 billion.

Demonstrating its commitment to shareholder value, Alpha Dhabi’s board approved its first-ever dividend payout of AED 2 billion, equivalent to 2 fils per share.

Leadership Statements on Growth and Future Outlook

His Excellency Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of Alpha Dhabi Holding, stated:
"2024 was a blockbuster year for Alpha Dhabi, marked by deep, transformational growth across dynamic industries and markets. Through strategic investments and decisive action, we have positioned the company for sustained long-term value creation for our shareholders."

Managing Director and Group CEO Eng. Hamad Al Ameri highlighted the company’s resilience and forward momentum:
"Our record-breaking financial performance in 2024 reflects years of preparedness, strategic execution, and assertive decision-making. We view this as a steppingstone toward a new phase of growth, diversification, and expansion."

Strategic Acquisitions and Market Expansion

Alpha Dhabi’s success in 2024 was fueled by its active portfolio diversification and strategic investments, including:

Energy Sector: Enersol, its joint venture with ADNOC Drilling, completed four major acquisitions.
Hospitality: ADMO Lifestyle Holding and the National Corporation for Tourism & Hotels delivered key developments.
Industrial Sector: NMDC Energy’s IPO was a significant milestone.
Construction: The company successfully divested 49% of Alpha Dhabi Construction Holding (ADCH) to ADQ.

With a strong financial position and an expanding portfolio, Alpha Dhabi remains committed to driving long-term growth, innovation, and shareholder value across multiple sectors.