The profits of Alpha Abu Dhabi Holding Company increased more than 26 times to reach 730 million dirhams in the second quarter of this year, compared to the same period in 2020.
According to Arab Net, the jump in profits was supported by the company's recent acquisitions, which led to a more than fourfold increase in revenues, to reach 4 billion and 450 million. Dirhams, and earnings per share amounted to 9 fils.
Alpha Abu Dhabi Holding, a subsidiary of the global holding company, announced in June the acquisition of new assets owned by Murban, which included the famous Cheval Blanc Randheli resort. in the Maldives and Union International Hospitality, specializing in facilities management.
Under this deal, the value of the total assets acquired by Alpha Abu Dhabi Holding from Murban has increased to 2.5 billion dirhams, after it had previously announced the conclusion of a deal whose assets amounted to 1.7 billion dirhams, under which Alpha Abu Dhabi acquired a group of assets that included the St. Regis Saadiyat Island Resort, the Luxury Collection Resorts Al Wathba desert, and the Le Noir Café brand.
It is noteworthy that the direct listing and trading of the shares of Alpha Abu Dhabi Holding Company began on the Abu Dhabi Financial Market in late June, and the company's capital is 10 billion dirhams, and it operates in 5 sectors and has 25 Affiliate company.
