The Global Holding Company recorded a net profit of AED 1.5 billion during the first quarter of 2021 due to the growth of the work of the industrial and capital.
According to the UAE News Agency, the company's revenues in the first quarter reached 2,276 billion dirhams compared to AED 1,563 billion in the first quarter. The industrial and capital sector contributed to the growth of 68% and 26%, respectively.
This significant improvement is due to the value and ratio of net profits to improve the performance of the company and profits from acquisitions and investment completed during the second half of 2020.
The total assets of the company arrived on 31 March 2021 to AED 19.7 billion compared to AED 14 billion on 31 December 2020.
Sayed Sora Shoaib, Chief Executive Officer of Global Holding Company: Our Financial Data Force for the First Quarter of 2021 is attributed to the growth of the work of the industrial and capital and the capital, the main motivation for revenue growth, which amounted to 2.3 billion dirhams, and more importantly, these results reflected Our ability to develop our operations despite economic challenges and acquisition of proper companies that add real value and achieve integration for our group.
During the first quarter of many deals, the International Holding Company carried out the acquisition of 60% of Ideas for Commercial and Real Estate Investment Company and includes investment work in the establishment and management of businesses and real estate development projects. WLL. He is mainly focused on investing in stocks and securities associated with private companies working with artificial intelligence and advanced enabling techniques, and the company has increased investment in the national marine bulldozers focused on drilling, reclamation and maritime construction.
