International Holding, listed on the Abu Dhabi Financial Market, announced its preliminary unaudited financial results for the year ending December 31, 2023, which reflect a year full of financial growth and strategic achievements.
International Holding Company achieved a noticeable jump in its initial revenues, reaching 60.08 billion dirhams (about 16.4 billion dollars), an increase of 18 percent, compared to 50.94 billion dirhams recorded in the previous year.
The company said in a statement on the Abu Dhabi Financial Market that this upward path in revenues came as a direct result of strategic acquisitions and the strong performance of the portfolio of companies affiliated with the International Holding Company, in line with the group’s strategic vision.
International Holding maintained strong initial net profits amounting to 32.74 billion dirhams (about 8.9 billion dollars), and earnings per share reached 12.36 dirhams, recording a significant increase over earnings per share in the previous year of 6.81 dirhams, which reflects the company’s strong profitability and the returns achieved for investors.
The portfolio of companies affiliated with International Holding is diversified to include various sectors, including real estate, construction, facilities, health care, food, agriculture, marine services, and shelf services. International Holding’s business has also witnessed expansion in the fields of hospitality, sustainability, artificial intelligence, technology, financial services, and asset management, according to the statement.
It is expected that International Holding will achieve sustainable successes in its business over the coming years thanks to the commitment of its management and its strategic initiatives.
It should be noted that these preliminary numbers are subject to change after the external audit and issuance of the group’s consolidated audited financial statements.
