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Electronic boards displaying stock information are seen as an investor walks past at the ADX Abu Dhabi Securities Exchange stock market. Image used for illustrative purpose. Reuters pictures
Abu Dhabi-based investment holding company, Alpha Dhabi, saw its Q3 2024 net profit jump 83% year-on-year (YoY) to 7.5 billion dirhams ($2.04 billion).
Revenue across the business and accounting segments rose to reach AED 44.2 billion, up 36%YoY.
Key contributions came from the industrial segment (AED 18.5 billion) real estate (AED 13.2 billion), and construction (AED 7.6 billion).
For the nine-month period ending September 30, the net profit was AED 11.1 billion. The company atrributed the 4% decrease YoY to a one-time adjustment related to PureHealth.
In July, PureHealth concluded the IPO of its subsidiary, Ardent Health Partners, on the New York Stock Exchange (NYSE).
(Writing by Brinda Darasha; editing by Daniel Luiz)
