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ALPHA DHABI HOLDING
Q1 2023
FINANCIAL RESULTS
Period ended 31 March 2023
05 May 2023Q1 2023 Financial Results
Alpha Dhabi Holding
Alpha Dhabi Holding
Zu±1.4 Lill' I Lp4.15 Lti_li
Alpha Dhabi reports strong growth in
net profit of AED 7.3 billion
• Record three-month performance with net profit at AED 7.3 billion and revenue at
AED 12.8 billion, up 161% and 56% respectively
• Demonstrates Alpha Dhabi’s continued success and accelerated momentum as it
executes its growth and expansion strategy across its core verticals and diversified
platform
FINANCIAL PERFORMANCE AND METRICS
AED bn Q1 2023 Q1 2022 YoY% Change
Revenue 12.8 8.2 56%
Net Profit 7.3 2.8 161%
EPS 0.65 0.2 225%
AED
7.3
billion AED
12.8
billion
Net Profit Revenue
AED
121
billion
AED
16.6
billion
Total Assets Total Cash Position
Note: YTD as at the end of Q1 2023
2Q1 2023 Financial Results
Alpha Dhabi Holding
Eng. Hamad Al Ameri, CEO of Alpha Dhabi Holding, said:
"Alpha Dhabi has delivered another set of excellent financial
results as we continue to cement our position as a leading regional
investment holding company. Our diversified business continues
to grow from strength to strength with a positive market
sentiment in the UAE, underpinned by strong economic
fundamentals and a buoyant capital markets landscape in contrast
with the global outlook.”
“We have started this year robustly, with our diversified portfolio
delivering results which continue the momentum from last year.
Looking ahead we will continue to develop our core verticals both
organically and through additional investment and acquisition. We
continue to deploy capital effectively in value-accretive
opportunities that support the market leadership of our portfolio
companies.”
Abu Dhabi, UAE; 05 May 2023: Alpha Dhabi Holding PJSC (“Alpha Dhabi” or “the Group”), one of the
fastest-growing investment holding companies in the MENA region, listed on the Abu Dhabi Securities
Exchange (ADX: AlphaDhabi), has announced its financial results for the three-month period ending 31
March 2023.
Alpha Dhabi reported a strong set of first quarter financial results with net profit up 161% year-on-year to
AED 7.3 billion (Q1 2022: AED 2.8 billion), which includes a fair value gain as a result of the derecognition
of Pure Health Holding LLC. Revenues also grew significantly to reach AED 12.8 billion, representing a 56%
year-on-year increase (Q1 2022: AED 8.2 billion), with contributions from the existing real estate and
industrial portfolio continuing to be strong drivers of growth for the Group.
Alpha Dhabi continues to pursue acquisitions and investments as part of Its growth strategy and announced
a partnership with Mubadala to co-invest in global credit opportunities. Alpha Dhabi and Mubadala aim to
collectively deploy up to ~AED 9 billion (approximately US $2.5 billion) over the next five years, leveraging
Mubadala’s long-term and strategic partnership with Apollo (NYSE: APO), one of the world’s largest
alternative asset managers, to access high-quality private credit investment opportunities. Mubadala will
hold 80% ownership in the Abu Dhabi Global Market-based joint venture entity, with the remaining 20%
to be held by Alpha Dhabi
This transaction also represents Alpha Dhabi's entry into the private credit market as it continues to
execute on its diversification strategy and capitalise on investment opportunities in new markets. Alpha
Dhabi's portfolio expansion outside of the UAE is supporting growth with overseas revenue accounting for
AED 0.9 billion in the first three months of 2023, representing a 7% increase year-on-year.
Alpha Dhabi’s balance sheet remains strong with AED 120.6 billion in total assets, representing a 129%
increase year-on-year, on the back of strong investment activity. The Group remains well-funded with a
3Q1 2023 Financial Results
Alpha Dhabi Holding
strong cash position of AED 16.6 billion to support and drive growth and expansion across both sectors and
geographies. Through our strong operating model, financial position, capital deployment track record and
agile investment approach Alpha Dhabi remains uniquely positioned to continue to drive further growth
and capitalise on investment opportunities while also generating value for shareholders in both the short
and long term.
ABOUT ALPHA DHABI HOLDING
Alpha Dhabi Holding (ADH), the UAE listed conglomerate, was established in 2013 and is one of the fastest
growing Abu Dhabi based investment holding companies, with more than 150 businesses spread across
healthcare, renewable energy, petrochemical and other industries as well as real estate, construction and
hospitality. With over 85,000 employees, ADH is a strategic contributor to the UAE economy and is committed
to drive continuous growth for its stakeholders through investments in emerging businesses, supporting
innovation and diversity.
MEDIA CONTACTS
Alpha Dhabi Holding Weber Shandwick
Archana Koka Mary Khamasmieh
Investor Relations Officer Head of Public Affairs
IR@alphadhabi.com M: +971 50 2731 753
E: mkhamasmieh@webershandwick.com
4Q1 2023 Financial Results
Alpha Dhabi Holding
5

Sentiment: positive