ABU DHABI (ALETIHAD)

Alpha Dhabi Holding reported a net profit of Dh12.8 billion for the first nine months of 2026, up 23% from the same period a year earlier, as revenue increased 6.1% to Dh58.3 billion.

The Abu Dhabi-headquartered investment holding company said its performance was supported by contributions across its diversified businesses, disciplined capital allocation and strategic investments.

Real estate contributed Dh22.2 billion in external revenue, followed by industrial businesses at Dh21.3 billion, construction at Dh8.6 billion, and services and other activities at Dh6.2 billion.

Total assets reached Dh236.4 billion at September-end, an increase of 10% from the end of 2025. Cash and bank balances stood at Dh36.5 billion, while total equity reached Dh114.6 billion, providing financial flexibility to pursue growth opportunities.

Businesses outside the UAE generated Dh7.7 billion in revenue, accounting for 13.2% of the group’s total.

Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of Alpha Dhabi Holding, said: “Our strong nine-month performance reflects the resilience of the UAE economy and the strength of Alpha Dhabi’s diversified portfolio. We remain focused on disciplined capital allocation, portfolio optimisation and investment in sectors with compelling long-term potential.”

“This approach supports sustainable shareholder value across market cycles. We enter the remainder of 2026 confident in our strategy and our ability to carry this momentum into 2027.”

Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding, said the group continued to execute its strategy across a portfolio expanding in scale, capability and geographic reach.

“Revenue of Dh58.3 billion and net profit of Dh12.8 billion reflect the resilience of our operating platform and contributions across our diversified businesses,” Al Ameri said.

“We advanced our priorities through investments in artificial intelligence, global technology and private credit, while strengthening our international presence. As we close out 2026, we are focused on operational performance, disciplined capital deployment and decisive execution to accelerate value creation and enter 2027 from a position of strength.”

Alpha Dhabi said its priorities for long-term growth include artificial intelligence, digital banking, hospitality, advanced infrastructure, energy and healthcare. It will continue to pursue geographic expansion and investments that strengthen its portfolio.

The company said its shares were trading at a discount to regional and international peers. Alpha Dhabi’s shares declined 19% in the first nine months of 2026, compared with a 0.8% gain in the ADX General Index, according to the company’s presentation.

As of October 30, its market capitalisation stood at Dh68.8 billion, with a price-to-earnings ratio of 6.69 times, a price-to-book ratio of 1.04 times and a dividend yield of 2.9%.

Established in 2013 and listed on the Abu Dhabi Securities Exchange, Alpha Dhabi manages more than 250 investments in listed and private companies across more than 50 countries. The group employs 95,000 people worldwide.