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UAE-based Alpha Dhabi Holding has reported robust financial results for the first nine months with a 29% increase in net profit surging to AED11.6 billion ($3.2 billion) mainly due to a combination of organic expansion and strategic acquisitions.
Alpha Dhabi's diversified portfolio has been a major driver behind the growth in revenue
Stake in UAE-based NTS Global expands Alpha Dhabi's energy sector interests
ABU DHABI, 25th October, 2023 (WAM) -- Alpha Dhabi Holding today announced its acquisition of a 51 percent stake in NTS Amega Global, underscoring the company's unwavering commitment to enhancing its energy portfolio, with a keen focus on the oil field services sector. With this acquisition, NTS Group, renowned for its cutting-edge manufacturing, repair, and rental solutions in the Oil & Gas sector, cements its position as a global frontrunner in producing drilling, subsea, top-side, and process components. This encompasses repairing Measuring and Logging While...
UAE-based Alpha Dhabi Holding has acquired a 51% stake in NTS Amega Global, a key provider of complex manufacturing, repair and rental solutions for the oil and gas sector, thus underscoring its unwavering commitment to boosting the energy portfolio.