Latest news with #ADNH
Zawya
20-05-2025
- Business
- Zawya
Ghitha, ADNH Catering plan local sourcing, supply chain collaboration
UAE's Ghitha Holding and ADNH Catering OPC have signed an MoU to explore local sourcing and supply chain collaboration. Ghitha Holding, a UAE-based diversified conglomerate spanning agriculture, food production, and distribution, a subsidiary of International Holding Company (IHC), today signed a memorandum of understanding (MoU) with Abu Dhabi National Hotels (ADNH) Catering OPC, one of the country's largest institutional catering providers. The signing took place at Make it in the Emirates (MIITE) 2025, the UAE's premier manufacturing platform, running from May 19 to 22 at Adnec, Abu Dhabi. The MoU sets the stage for early-stage collaboration in several key areas, including evaluating local sourcing potential, aligning supply chain planning, enhancing procurement agility, and exploring opportunities for product innovation and infrastructure investment. The agreement was inked by Falal Ameen, Group CEO of Ghitha Holding, and Laura Abizova, Procurement & Supply Chain Director (ME) of ADNH Catering, on Day 1 of the event. The MoU outlines the intent of both parties to explore avenues of collaboration that support the UAE's national food security goals, enhance local sourcing, and optimise supply chain integration. The partnership reflects a mutual vision to scale production capabilities and expand the use of high-quality, Made-in-UAE food products across institutional catering sectors, including hospitality, healthcare, education, and government. The collaboration aligns with the objectives of the UAE's Food Security Strategy 2051, the National Strategy for Industry and Advanced Technology, and the wider objectives of MIITE 2025 — reinforcing the strategic role of both organizations in strengthening national resilience through local value creation. Ameen stated: 'This MoU reflects a joint commitment to enhancing our growing supply chain and building a more self-reliant, agile food ecosystem in the UAE. At Ghitha, we believe that value-based partnerships are key to achieving lasting impact. By working closely with ADNH Catering, we aim to expand local sourcing, and deliver reliable, high-quality food solutions that support the nation's growth.' Abizova added: 'Partnering with Ghitha Holding enables us to explore new ways of embedding local production into our catering operations, while continuing to meet the high standards our clients expect. This collaboration supports our broader goal of contributing to food security, enhancing sustainability, and strengthening national capabilities across the value chain.' As both entities explore next steps, the MoU underscores their shared commitment to driving national priorities forward — by leveraging complementary strengths to deliver long-term value to the UAE's food and hospitality ecosystem, a statement said. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
12-05-2025
- Business
- Zawya
Abu Dhabi National Hotels delivers solid financial performance in Q1-25, key appointments unveiled
Abu Dhabi – The net profits of Abu Dhabi National Hotels (ADNH) plummeted to AED 156.40 million in the first quarter (Q1) of 2025 from AED 1.02 billion a year earlier. Revenues from contracts with customers hiked by 94% year-on-year (YoY) to AED 881.45 million in Q1-25 from AED 454.76 million, according to the financial results. Basic and diluted earnings per share (EPS) attributable to ordinary equityholders stood at AED 0.01 in the first three months (3M)of 2025, compared to AED 0.08 as of 31 March 2024. Khalid Anib, CEO of ADNH, commented: 'With the successful integration of recent acquisitions and growing demand for both hospitality and catering, we are well-positioned to sustain our momentum throughout the year.' As for 2024 dividends, the company will pay out AED 567 million to shareholders on 8 May 2025. Key Appointments The board appointed Khalaf Sultan Rashed Saeed Al Dhaheri as the Chairman, while Ahmed Mohamed Sultan Suroor Al Dhaheri was named as the Vice Chairman and Managing Director. In the 12-month period that ended on 31 December 2024, the ADX-listed group posted 216% YoY higher net profits at AED 1.33 billion, compared to AED 422.51 million. Source: Mubasher
Tourism Breaking News
15-04-2025
- Business
- Tourism Breaking News
Marriott International and Abu Dhabi National Hotels sign agreement to bring the luxury collection brand to RAK
Post Views: 109 Marriott International, Inc. and Abu Dhabi National Hotels (ADNH) announced an agreement to bring a luxury resort and residential development under The Luxury Collection brand to Ras Al Khaimah. Situated within Al Marjan Island, Ras Al Khaimah's flagship development, the project is anticipated to blend the brand's authentic take on luxury while providing residents an elevated and exceptional living experience. The Luxury Collection Resort in Al Marjan Island is anticipated to comprise 466 thoughtfully designed rooms and suites, along with 29 expansive villas. Design plans for the resort include multiple dining venues, a spa, fitness center, kids club, swimming pool, and padel court. The property is also slated to feature more than 3,500sqm of meeting and event space, including a 1,300sqm ballroom.
Zawya
17-02-2025
- Business
- Zawya
Abu Dhabi National Hotels posts 216% higher profits in 2024
Abu Dhabi: Abu Dhabi National Hotels registered net profits worth AED 1.33 billion in 2024, an annual leap of 216% from AED 422.51 million, according to the income statements. Revenue from contracts with customers witnessed a 77% YoY hike to AED 2.88 billion at the end of December 2024, compared to AED 1.63 billion. Basic and diluted earnings per share (EPS) attributable to ordinary equity holders of the parent climbed to AED 0.11 in 2024 from AED 0.03 a year earlier. The CEO of Abu Dhabi National Hotels, Khalid Anib, said: "2024 was a transformational year for ADNH as we successfully executed our growth strategy, expanded our market presence, and delivered exceptional financial performance.' 'The strong results reinforce our ability to create long-term value for our shareholders and stakeholders. Looking ahead, we remain focused on expanding our footprint, improving efficiencies, and capitalising on new opportunities in the region,' Anib highlighted. The board proposed cash dividends amounting to AED 567 million, marking an annual increase of 89% and representing a 7.50% dividend yield. In the first nine months (9M) of 2024, Abu Dhabi National Hotels logged higher net profits at AED 1.18 billion, compared to AED 288.86 million in 9M-23.
