Latest news with #AlphaDhabi
Zawya
22-05-2025
- Business
- Zawya
C3 launches Enersol Energy Challenge to power the future of energy innovation in the UAE
Seeking 8–10 standout start-ups in AI, robotics, decarbonization, smart-tech and operational efficiency Finalists will showcase at ADIPEC 2025 and connect with top-tier partners and investors Abu Dhabi, UAE – C3, a B Corp™ certified impact platform that supports entrepreneurs across the region, today launched the Enersol Energy Challenge, a bold new entrepreneurship programme that will identify and support startups with high potential to transform the energy sector. The programme has been created by Enersol, the pioneering joint venture by ADNOC Drilling and Alpha Dhabi, in partnership with C3. Launched at Make It In The Emirates, the Enersol Energy Challenge will support 8 to 10 early-stage startups with innovative technologies in fields including operational efficiency, robotics, emissions reduction, measurement-while-drilling, internet of things (IoT), circular economy and next-generation resource optimization. Finalists will attend a tailored two-week bootcamp in the UAE, with access to expert coaching, technical mentorship, potential investors and business development training from leaders in energy innovation. Medea Nocentini, Founder of C3 and Senior Partner at Global Ventures, said: 'The Enersol Energy Challenge reflects our commitment to advancing the UAE's innovation ecosystem by equipping entrepreneurs with the expertise and investment access needed to transform the future of energy. We are here to help turn bold ideas into scalable solutions.' Finalists will present their solutions at the Grand Pitch Showcase in October 2025, to an audience of potential investors, partners and industry decision-makers. Select finalists will also be featured on the Enersol stand at ADIPEC 2025, the world's largest energy conference, amplifying visibility and opening doors to strategic partnerships and investment. The program supports Enersol's vision to lead the EnergyTech revolution and accelerate the UAE's leadership in sustainable energy solutions. Applications are now open. For more information and to apply, visit To learn more about Enersol, visit About C3 C3 is a B Corp™ certified impact platform, bridging innovation, investment, and purpose by connecting startups, corporates, governments, investors, and experts through dynamic collaborations, tailored programmes, and high-impact initiatives. C3's mission is to put business to its best possible use and help them get great at solving the world's most pressing issues. Stay Connected: Please visit C3's website for more info: For inquiries: info@ About Enersol Enersol is a joint venture between ADNOC Drilling and Alpha Dhabi. The company was created to generate change in the oilfield and energy services industries by acquiring and growing AI, advanced technology and digitization companies with the latest sector specific technology. With a mission to raise the standards of the sector, through improved efficiencies, safety and growth.
Zawya
09-05-2025
- Business
- Zawya
Adnoc Drilling sets $700mln for new acquisitions
ANOC Drilling Company has allocated around $700 million for new acquisitions in 2025 within a strategy to expand locally and in foreign markets, its CEO has said. The acquisitions would be carried out through Enersol, a joint venture created last year between ADNOC Drilling and Alpha Dhabi Holding, CEO Abdulrahman Abdulla Al Seiari told the UAE semi-official daily Alittihad on Friday. He said Enersol has completed four acquisition operations worth nearly $800 million since it was created by the two UAE firms, including the purchase of 95 percent of the shares of the US Deep Well Services Company in March. 'Adnoc Drilling is working to expand the scope of its operations in Abu Dhabi and other regions…we have plans to expand in Kuwait and Oman by bidding for contracts there given the significance of these two markets,' he said. Al-Seiari revealed the company is targeting to boost its revenues to nearly $5 billion in 2026. (Writing by Nadim Kawach; Editing by Anoop Menon) (
Arabian Business
06-05-2025
- Business
- Arabian Business
Key verticals deliver as Alpha Dhabi's Q1 revenue surge 23% to $4.74bn
Alpha Dhabi Holding has reported a 23 per cent year-on-year increase in group revenue to AED17.4 billion (US$4.74 billion) and a 33 per cent increase in adjusted EBITDA to AED4.4 billion (US$1.2 billion) in its first quarter result for 2025. The fastest-growing investment holding companies in the MENA region, which has more than 250 businesses spread across healthcare, renewable energy, petrochemicals and other industries such as real estate, construction and hospitality, recorded a net profit of AED2.1 billion (US$570 million), which was down from Q1 2024, reflecting changes in fair market value of some of the group's public listed investments. The group's total assets crossed US$50 billion, reaching AED185.2 billion (US$50.4 billion). All key verticals delivered strong numbers for Alpha Dhabi. The company's portfolios in real estate (AED6.4 billion), industrial (AED6.2 billion), construction (AED2.7 billion), and services and others (AED2.1 billion), contributed significantly to total revenue. Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of Alpha Dhabi Holding, commented: 'Alpha Dhabi began 2025 on a strong footing, building on a year of transformation and guided by a clear strategy for future growth. Collectively, we have advanced the business both horizontally and vertically, strategically capturing opportunities with the potential to deliver deep, meaningful growth. 'Our performance for the quarter reflects the pace of this growth, with our success being underpinned by the evolution of a portfolio which spans diverse geographies and future-focused sectors.' Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding, added: 'Our Q1 2025 results demonstrate the power of Alpha Dhabi's investment strategy. By focusing on opportunities created by growing economies and populations, technological disruption and sustainable business models, we have built a balanced portfolio of exceptional assets.' During the first quarter of 2025, , and the value of its joint venture portfolio with Mubadala crossed AED3.7 billion (US$1 billion) milestone. The partnership aims to deploy up to AED9.2 billion (US$2.5 billion) by 2028.
Trade Arabia
05-05-2025
- Business
- Trade Arabia
Alpha Dhabi Holding reports $4.74bn revenue for Q1
Alpha Dhabi Holding has reported a revenue of AED17.4 billion ($4.74 billion) for the quarter ending March 31, 2025, a 23 percent increase YoY, reflecting the depth of Alpha Dhabi's diverse portfolio alongside its consistent track record of growth. The company's adjusted EBITDA 1 for the period is AED4.4 billion, up 33 percent year-on-year (YoY). Alpha Dhabi's continued momentum in strategy execution across key verticals has been a key driver of the strong performance, said a Wam news agency report. Net profit stood at AED2.1 billion, down from the same period last year, reflecting changes in the fair market value of some of the group's public listed investments. The group's financial position remains strong, with total assets of AED185.2 billion and an equity of AED93.5 billion. Alpha Dhabi is strategically poised to forge further ahead with its growth ambitions, which will include further possibilities for acquisitions and geographical diversification. The increasing diversity and depth of Alpha Dhabi's portfolio have been a significant driver of its revenue growth and contribution to the increase in net profit from operations. The company's portfolios in real estate (AED6.4 billion), industrial (AED6.2 billion), construction (AED2.7 billion), and services and others (AED2.1 billion) contributed significantly to total revenue. Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of Alpha Dhabi Holding, said: 'Alpha Dhabi began 2025 on a strong footing, building on a year of transformation and guided by a clear strategy for future growth. Collectively, we have advanced the business both horizontally and vertically, strategically capturing opportunities with the potential to deliver deep, meaningful growth. Our financial performance for the quarter reflects the pace of this growth, with our success being underpinned by the evolution of a portfolio which spans diverse geographies and future-focused sectors.' Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding, said the Q1 2025 results demonstrate the power of Alpha Dhabi's investment strategy by focusing on opportunities created by growing economies and populations, technological disruption and sustainable business models. "We remain focused on investments that diversify revenues, create value across the economy, and position Alpha Dhabi for long-term growth,' he added.
Al Etihad
05-05-2025
- Business
- Al Etihad
Alpha Dhabi reports Dh17.4 billion revenue in Q1
5 May 2025 12:26 ABU DHABI (WAM) Alpha Dhabi Holding has reported a strong set of financial results for the period ending March 31, 2025, with Adjusted EBITDA 1 climbing to Dh4.4 billion, up 33 percent year-on-year (YoY).Alpha Dhabi's continued momentum in strategy execution across key verticals has been a key driver of the strong performance. Group revenue stood at Dh17.4 billion, a 23% increase YoY, reflecting the depth of Alpha Dhabi's diverse portfolio alongside its consistent track record of profit stood at Dh2.1 billion, down from the same period last year, reflecting changes in the fair market value of some of the group's public listed Group's financial position remains strong, with total assets of Dh185.2 billion and an equity of Dh93.5 billion. Alpha Dhabi is strategically poised to forge further ahead with its growth ambitions, which will include further possibilities for acquisitions and geographical increasing diversity and depth of Alpha Dhabi's portfolio have been a significant driver of its revenue growth and contribution to the increase in net profit from operations. The company's portfolios in real estate (Dh6.4 billion), industrial (Dh6.2 billion), construction (Dh2.7 billion), and services and others (Dh2.1 billion) contributed significantly to total Thani Murshed Ghannam Al Rumaithi, Chairman of Alpha Dhabi Holding, said, 'Alpha Dhabi began 2025 on a strong footing, building on a year of transformation and guided by a clear strategy for future growth. Collectively, we have advanced the business both horizontally and vertically, strategically capturing opportunities with the potential to deliver deep, meaningful growth. Our financial performance for the quarter reflects the pace of this growth, with our success being underpinned by the evolution of a portfolio which spans diverse geographies and future-focused sectors.'Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding PJSC, said that the Q1 2025 results demonstrate the power of Alpha Dhabi's investment strategy by focusing on opportunities created by growing economies and populations, technological disruption and sustainable business models. "We remain focused on investments that diversify revenues, create value across the economy, and position Alpha Dhabi for long-term growth,' he added.
