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Alpha Dhabi Holding, one of the fastest-growing investment holding companies in the UAE, has seen its first quarter y-o-y net profit skyrocket to AED2.84 billion ($770 million) from AED100 million in Q1 2021.
Wio Bank, established recently in the UAE, has announced the appointment of Salem Al Nuaimi as Chairman of the Board and Jayesh Patel as Chief Executive Officer.
Wio's shareholders include ADQ and e& with an initial capital of Dh2.3b
It is jointly owned by Abu Dhabi Holding Company (ADQ), Alpha Dhabi, Etisalat, and First Abu Dhabi Bank (FAB)
The rush for hotel bookings is expected to start any time after summer