Economy Local November 01, 2024

Al-Fahd Holding Reports 5% Profit Decline

Al-Fahd Holding achieved a net profit of 11.1 billion dirhams in the first nine months of this year, compared to 11.6 billion dirhams in the same period last year, marking a 5% decrease.


Al-Fahd Holding Reports 5% Profit Decline

Alfa Abu Dhabi Holding Company earned a net profit of 11.1 billion dirhams in the first nine months of the current year compared to 11.6 billion dirhams earned during the analogous period of the previous year, which constitutes a decrease of 5%.

"Despite the challenging economic situation, we are pleased to note that our company continues to demonstrate stable financial results,” noted a company representative.

For nine months, the company managed to maintain a high profit, which testifies to the successful management strategy and capability to effectively counteract negative external factors.

The company expresses confidence in its capabilities and readiness for further growth, regardless of the challenges it faces in the current economic situation.