Alpha Dhabi Holding PJSC

Enersol has signed an agreement to acquire a 95% equity stake in Deep Well Services (DWS) for approximately $223 million. This acquisition supports Enersol's growth strategy to become a technology-centric investment platform. DWS, established in the U.S. in 2008, utilizes advanced technology, data analytics, and automation to improve performance and sustainability in the energy sector. This marks Enersol's fourth acquisition, bringing its total commitments to nearly $800 million since its inception. The transaction is subject to regulatory approvals and customary conditions.

Alpha Dhabi Holding reported strong financial results for the third quarter of 2024, with a net profit of AED 11.1 billion for the nine months ending September 30, 2024. This represents a 4% decrease from the same period last year due to a one-time adjustment related to PureHealth. The operating net profit reached AED 7.5 billion, marking an 83% year-on-year increase, while revenue increased by 36% year-on-year to AED 44.2 billion. The growth was attributed to strategic acquisitions and investments made since 2022, as well as increased operations. Key revenue contributions came from the Industrial, Real Estate, Construction, and Services & Others segments. The company emphasized its ongoing strategic investments in high-growth, future-centric industries to further enhance its portfolio.

The Management Discussion & Analysis for the period ended 30 September 2024 provides an overview of the financial performance and strategic initiatives of the company. It includes insights into revenue trends, cost management, and market conditions affecting the business. The report also highlights key operational achievements and challenges faced during the period. Additionally, it outlines future plans and expectations to enhance shareholder value. The document serves as a resource for investors to understand the company's current position and future outlook.