In 2021, Alpha Dhabi, one of the UAE’s largest real estate investment companies, posted a ‘record’ net profit of Dh5.2 billion, a major increase from the previous year’s Dh218 million. Alpha Dhabi profited from a series of strategic deal-making, including being a major shareholder in Aldar Properties, to boost revenues to Dh18.8 billion (Dh3.8 billion in 2020).
The company plans to expand outside the UAE as well, with Egypt being a prime candidate. Hamad Al Ameri, the CEO, said: “Alpha Dhabi’s record profit performance continues to show the resilience and strength of our platform. Our growth plans are underpinned by a solid pipeline of investment opportunities across our core sectors and a measured approach, which leave us strongly positioned to deploy capital effectively in the pursuit of building scale and enhancing diversification across our growing portfolio.”
A recent investment was made in another Abu Dhabi entity, Al Qudra Holding.
Alpha Dhabi’s gameplan
The company’s investment strategy will target operations that generate income and add value to its portfolio. These investments will be modeled after what Alpha Dhabi achieved with Aldar.
“Alpha Dhabi will continue to invest in businesses that have a solid track record, foster innovation, are disruptive in nature, and complement Alpha Dhabi’s existing portfolio companies,” a statement said. “With significant momentum garnered through 2021 and a robust liquidity position, Alpha Dhabi remains focused on its expansion plans across core sectors including construction, real estate, healthcare, hospitality, and petrochemicals.”
“The scale of our portfolio, the breadth of our proprietary investment network, and the strength of our execution capabilities in realizing synergies across our operating subsidiaries will continue to drive the company forward as we execute on our growth ambitions and deliver superior and significant value to our shareholders” – Hamad Al Ameri, CEO of Alpha Dhabi
