Shares of Alpha Dhabi Holding Company, listed on the Abu Dhabi Securities Exchange, declined during trading on Monday, after the company announced its financial results at the end of the first quarter of this year.
During today's trading, at around 10:44 am UAE time, the stock fell by 1.5 percent to a price of 13.7 dirhams.
According to market data, the stock witnessed transactions of 748,300 thousand shares, worth 10.189 million dirhams.
This morning, Alpha Dhabi Holding announced a 37 percent year-on-year decline in its first-quarter 2024 profits.
The company achieved a profit of AED 4.6 billion in the first three months of this year, compared to AED 7.3 billion in the corresponding period of 2023.
Alpha Dhabi Holding's financial results for the year 2023 showed a significant growth in the company's net profits, reaching AED 13.3 billion, an increase of 25% year-on-year.
