23 Hrs
Source:
الاقتصادية
Source: الاقتصادية
23 Hrsالاقتصادية
Source: الاقتصادية
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Alpha Dhabi Holding has liquidity of more than AED 36 billion to support expansion and acquisitions and meet its commitments to shareholders. Its net debt-to-EBITDA ratio stands at 0.59 times, giving it room to raise debt financing if needed. Fadi Suleiman said the 21% decline in third-quarter profit, to around AED 3 billion, was due to differences in the recognition of fair-value gains. Profit for the first nine months, meanwhile, rose 23% to AED 12.8 billion. The group’s plans include expanding in artificial intelligence, private credit and energy. It has committed $1 billion to the Alpha Wave 3 fund and plans to begin a dividend programme with distributions of AED 2 billion, increasing by 5% annually.
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