Economy Local February 15, 2025

Al Fahd Holding Reports 13.5 Billion Dirhams Profit

Al Fahd Holding achieved a net profit of 13.5 billion dirhams in 2024, reflecting a slight growth of 1.7% compared to last year. The revenue also surged significantly, bolstering future sustainability.


Al Fahd Holding Reports 13.5 Billion Dirhams Profit

The holding company "Alpha Abu Dhabi" reported a net profit of 13.5 billion dirhams in 2024 compared to 13.28 billion dirhams in 2023, indicating a slight growth of 1.7%.

Among the major non-oil revenues, the company "Mudin Holding" secured a net profit of 9.39 billion dirhams last year, compared to 573.95 million dirhams in 2023. The company's turnover grew to 6.5 billion dirhams, demonstrating an annual increase of 637%, due to deals made through the acquisitions of the companies "Addnik" and "Mudin Al-Akariya".

Consolidated total revenues amounted to 25.3 billion dirhams, which, according to the company's statement, strengthens the sustainability of revenues over the next three years.