Alpha Dhabi Surpasses AED 11.6 Billion Net Profit,Showcases Remarkable Growth And Strategic Vision For2023

• Nine month performance with net profit at AED 11.6 billion and revenue at AED 32.4
  billion, up 29% and 22% respectively
• Growth is attributed to a combination of organic expansion and strategic acquisitions
  across its core verticals and diversified platform

FINANCIAL PERFORMANCE AND METRICS

Eng. Hamad Al Ameri, CEO of Alpha Dhabi Holding, said: “Alpha Dhabi’s milestone of AED 11.6 billion in net profit for YTD September 2023 testifies to a remarkable journey of growth. Our success stems from a multifaceted strategy and we attribute this achievement to the synergy of a diversified portfolio that spans vital sectors, an unwavering commitment to best-in-class corporate governance, and the exceptional performance delivered by our dedicated colleagues and business leaders. This synergy has
empowered us to unlock the true potential of our investments and deliver substantial value to our shareholders. As we navigate the remainder of the year, our focus is on harnessing the significant momentum we have built and strategically driving further growth while seizing exciting investment opportunities. Our strategy revolves around expanding our portfolio through acquisitions and geographic diversification, with the overarching goal of extending our global footprint within the investment landscape.”

Alpha Dhabi Holding PJSC (“Alpha Dhabi” or “the Group”), one of the fastest-growing investment holding companies in the MENA region, listed on the Abu Dhabi Securities Exchange (ADX: AlphaDhabi), has announced its financial results for the period ending 30 September 2023.

Alpha Dhabi reported robust financial results, with a noteworthy 29% year-on-year increase in net profit,
surging to AED 11.6 billion, as compared to AED 9 billion in the same period in 2022. This growth is
attributed to a combination of organic expansion and strategic acquisitions, underscoring the Group’s
commitment to enhancing shareholder value. Alpha Dhabi also witnessed a surge in revenue, reaching AED 32.4 billion, reflecting a substantial 22% year-on-year increase compared to the same period last year (YTD 2022: AED 26.6 billion).

Alpha Dhabi’s diversified portfolio has been a major driver behind the growth in revenue. The Group has
continued to expand its portfolio and invest in strategic sectors including hospitality and energy, as well as launching a Climate Capital platform. In addition, the group has invested in to financial ventures spanning different geographies, including the MICAD Credit JV in collaboration with Mubadala and Alpha Wave Ventures.

The Group’s financial position remains strong, boasting total assets of AED 133.6 billion and a cash
position of AED 19.1 billion as of September 30, 2023—owing to the strategic acquisitions and investments made since 2022 and notable performance seen across all segments during the period.
Through the rest of 2023, Alpha Dhabi is strategically poised to foster further growth and capture
investment opportunities by incorporating new operating assets through acquisitions and geographical diversification, all the while enforcing a rigorous and exemplary corporate governance structure across the ADH portfolio of businesses.