- Alpha Dhabi Holding, an investment conglomerate engaged in several business sectors and a subsidiary of Abu Dhabi's International Holding Company, has reported a jump of more than 215.3% in its nine-month profit. By 30th September, it recorded a profit of $1.85B, while its revenue doubled to $7.2M during this time.
- Some strong drivers of growth and additions to Alpha Dhabi’s existing portfolio have come from the healthcare, real estate, construction, and industrial sectors. Noteworthy transactions include the acquisition of a stake in Ardent Health Services, the fourth largest privately held acute care hospital operator in the US, and Kalyon Enerji, a clean and renewable energy company based in Turkey. It seems like there is no stopping Alpha Dhabi and it is venturing beyond UAE.
Why it matters
Alpha Dhabi's portfolio expansion beyond UAE has led to a 160% revenue increase year-on-year. Perhaps, international exposure and transactions will be very profitable for Alpha Dhabi.