Alpha Dhabi Holding PJSC

Logotype for Alpha Dhabi Holding PJSC
Ticker/ISIN
ALPHADHABI
AEA007601015
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates

About Alpha Dhabi Holding PJSC

Company was incorporated in 2013 and specialized in: - Commercial Enterprises Investment, Institution and Management - Agricultural Enterprises Investment, Institution and Management - Industrial Enterprises Investment, Institution and Management

Latest Pressrelease Summaries from 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.
Alpha Dhabi Holding PJSC (ADH) has completed the sale of a 49% stake in its subsidiary, Alpha Dhabi Construction Holding (ADCH), to ADQ, an Abu Dhabi-based investment company. ADH retains a 51% share in ADCH, maintaining its involvement in the construction sector through this strategic partnership. ADCH, led by ADH subsidiary Trojan Construction, is known for its role in national development projects in the UAE, including the Zayed National Museum and the Guggenheim Museum, as well as large-scale residential projects. The partnership aims to enhance ADCH’s industry leadership and support Abu Dhabi’s growth through combined expertise. Hamad Al Ameri, CEO & MD of ADH, expressed enthusiasm for the collaboration, highlighting its potential to advance national development and improve project execution. The agreement comes amid significant investments in Abu Dhabi’s construction sector to boost housing, employment, and economic diversification. Alpha Dhabi Holding, established in 2013, is a prominent UAE investment company with over 250 businesses across various industries, employing more than 95,000 people.
On September 9, 2024, OCI Global (Euronext: OCI), a major global producer and distributor of hydrogen products, announced that it has reached an agreement to sell 100% of its equity interests in its Global Methanol Business. The transaction is expected to close in 2025, pending antitrust regulatory approvals, customary closing conditions, and OCI shareholder approval. As part of this transaction, Alpha Dhabi Holding PJSC will exit its 11% equity stake in OCI's Global Methanol Business, known as OCI Clean Fuels Limited.
Enersol, a joint venture between ADNOC Drilling Company and Alpha Dhabi Holding, has signed an agreement to acquire a 100% equity stake in EV Holdings Ltd. for approximately $45 million. EV Holdings is a global provider of vision-based diagnostics and analytical services in the oil and gas sector, with a presence in 36 countries. This acquisition aligns with Enersol's strategic vision to become a technology-centric investment platform and marks its third acquisition, bringing total commitments to around $550 million since inception. The transaction is subject to regulatory approvals and closing adjustments.
ALPHA DHA BI HOLDING PJSC has released a review report and interim condensed consolidated financial statements for the six-month period ending on June 30, 2024. These statements are unaudited.
The text pertains to a discussion and analysis by the management regarding the financial period ending on June 30, 2024, scheduled for July 31, 2024. It is related to investor relations and is identified by a Docusign Envelope ID: 87FC8DEC-5698-4480-AAD1-5DEEEDA2D4D8.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Alpha Dhabi Holding PJSC

Disclosures: Alpha Dhabi Holding PJSC Announcement of Board Meeting to be held on 24/10/2024 at 15:30

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Alpha Dhabi Holding PJSC

Disclosures: Closing the divest of 49% of Alpha Dhabi Construction Holding to ADQ

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Alpha Dhabi Holding PJSC

Disclosures: Alpha Dhabi Holding PJSC Announcements

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Alpha Dhabi Holding PJSC

Disclosures: Alpha Dhabi Holding PJSC General Press Release

Alpha Dhabi Holding PJSC (ADH) has completed the sale of a 49% stake in its subsidiary, Alpha Dhabi Construction Holding (ADCH), to ADQ, an Abu Dhabi-based investment company. ADH retains a 51% share in ADCH, maintaining its involvement in the construction sector through this strategic partnership. ADCH, led by ADH subsidiary Trojan Construction, is known for its role in national development projects in the UAE, including the Zayed National Museum and the Guggenheim Museum, as well as large-scale residential projects. The partnership aims to enhance ADCH’s industry leadership and support Abu Dhabi’s growth through combined expertise. Hamad Al Ameri, CEO & MD of ADH, expressed enthusiasm for the collaboration, highlighting its potential to advance national development and improve project execution. The agreement comes amid significant investments in Abu Dhabi’s construction sector to boost housing, employment, and economic diversification. Alpha Dhabi Holding, established in 2013, is a prominent UAE investment company with over 250 businesses across various industries, employing more than 95,000 people.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Alpha Dhabi Holding PJSC

Disclosures: Alpha Dhabi Holding PJSC Announcements

On September 9, 2024, OCI Global (Euronext: OCI), a major global producer and distributor of hydrogen products, announced that it has reached an agreement to sell 100% of its equity interests in its Global Methanol Business. The transaction is expected to close in 2025, pending antitrust regulatory approvals, customary closing conditions, and OCI shareholder approval. As part of this transaction, Alpha Dhabi Holding PJSC will exit its 11% equity stake in OCI's Global Methanol Business, known as OCI Clean Fuels Limited.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Alpha Dhabi Holding PJSC

Disclosures: Alpha Dhabi Holding PJSC General Press Release

Enersol, a joint venture between ADNOC Drilling Company and Alpha Dhabi Holding, has signed an agreement to acquire a 100% equity stake in EV Holdings Ltd. for approximately $45 million. EV Holdings is a global provider of vision-based diagnostics and analytical services in the oil and gas sector, with a presence in 36 countries. This acquisition aligns with Enersol's strategic vision to become a technology-centric investment platform and marks its third acquisition, bringing total commitments to around $550 million since inception. The transaction is subject to regulatory approvals and closing adjustments.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Alpha Dhabi Holding PJSC

Disclosures: Alpha Dhabi Holding PJSC Financial Results for the Period Ended June 30,2024

ALPHA DHA BI HOLDING PJSC has released a review report and interim condensed consolidated financial statements for the six-month period ending on June 30, 2024. These statements are unaudited.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Alpha Dhabi Holding PJSC

Disclosures: Alpha Dhabi Holding PJSC Financial Results Summary for the Period Ended June 30,2024

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Alpha Dhabi Holding PJSC

Disclosures: Alpha Dhabi Holding PJSC Management Report for the Period Ended June 30,2024

The text pertains to a discussion and analysis by the management regarding the financial period ending on June 30, 2024, scheduled for July 31, 2024. It is related to investor relations and is identified by a Docusign Envelope ID: 87FC8DEC-5698-4480-AAD1-5DEEEDA2D4D8.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Alpha Dhabi Holding PJSC

Disclosures: Alpha Dhabi Holding PJSC Board Meeting Results held on 31/07/2024 at 22:00

1. Attached Document