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Alpha Dhabi, a top investment holding company in the UAE, has posted a record net profit of AED5.2 billion ($1.41 billion) for the financial year ending December 31, 2021, up significantly from AED218 million in 2020.
For Reportage, this is its first development outside of UAE, where it has 12 projects
The ADX-listed firm also recorded a positive growth last year with net profit of Dh65.01 million and revenue hitting Dh299.6 million.
Even a big-ticket deal that FAB struck on Magnati is not spurring investors
Here’s why digital banking will continue to grow rapidly within the country.