Latest news with #Dh464
Al Etihad
09-05-2025
- Business
- Al Etihad
AD Ports Group announces Dh4.6 billion revenue in Q1
9 May 2025 11:29 ABU DHABI (WAM) AD Ports Group today announced its financial results for the first quarter ending 31st March 2025. Building on the momentum of 2024's record financial performance, the Group started 2025 with impressive double-digit growth from top-line to bottom-line, driven by the Ports, Economic Cities and Free Zones (EC&FZ), and Maritime and Shipping the first quarter of 2025, AD Ports Group recorded revenue of Dh4.60 billion, marking an 18 percent year-on-year increase, driven by strong performance in Ports, Economic Cities and Free Zones, and Maritime and Shipping EBITDA amounted to Dh1.14 billion in Q1 2025, translating into a 9 percent YoY growth, driven by a 17 percent YoY increase in Ports, 10 percent YoY in Maritime and Shipping, and 7 percent YoY in Economic Cities and Free Zones (Group EBITDA Margin stood at 24.7 percent in Q1 2025).Moreover, total net profit soared 16 percent YoY to Dh464 million, mainly driven by the operating performance. Earnings Per Share (EPS) for the quarter stood at Dh0.07, implying a 14% YoY expenditures (CapEx) for the first quarter of the year reached Dh954 million, with majority of cash outlays going into Economic Cities and Free Zones, Ports (including Dh182 million going into new and renewal of ports concessions), and Maritime and Shipping assets. Capex intensity continued to decline, reaching 21 percent of Group revenue in Q1 2025, vs. 33 percent in Q1 Cash Flow, which amounted to Dh725 million in Q1 2025 compared with Dh781 million in the same period in 2024, was primarily impacted by the timing of collections, and thus unfavourable working capital changes. As a result, Free Cash Flow to the Firm (FCFF) was slightly negative for the quarter at Dh -173 Mohamed Juma Al Shamisi, Managing Director and Group CEO, said, 'The positive momentum from our record 2024 financial results continued into the first quarter of 2025, as our resilient and value-adding business ecosystem of interrelated trade, transport, and logistics businesses weathered prevailing macroeconomic and geopolitical uncertainties to drive strong, double-digit growth in revenue and net Q1 solid growth was driven by our Ports, Economic Cities and Free Zones, and Maritime and Shipping clusters, which continue to benefit from our agile response to ongoing geopolitical crises and our ongoing investments in core infrastructure amidst our international expansion.' He added, 'In line with the vision of our wise leadership in the UAE, we will continue to follow this prudent, profit-enhancing 'intelligent internationalisation' strategy this year as we carefully navigate the turbulence around us to maintain course and position of AD Ports Group, and Abu Dhabi, as world leaders in sustainable trade, transport, logistics, and economic development, drawing on the latest AI and technology innovations.'
Express Tribune
26-04-2025
- Entertainment
- Express Tribune
Dh 464,550 Ibn-e- Sina manuscript to feature at Abu Dhabi book fair
The rare book to be display at the Abu Dhabi festival. PHOTO: KHALEEJ TIMES Listen to article A rare 14th-century manuscript of Canon of Medicine by Ibn Sina, valued at Dh464,550, will be one of the centrepieces at the 34th Abu Dhabi International Book Fair (ADIBF), which opens today at the ADNEC Centre Abu Dhabi and runs until 5 May. The manuscript, brought by renowned London antiquarian book dealer Peter Harrington, marks a major milestone: the 1000th anniversary of Ibn Sina's seminal work, a cornerstone of medieval Islamic and global medical scholarship. This year's edition of the fair welcomes 1,400 exhibitors from 96 countries, offering over 2,000 activities across literature, publishing, creative industries, and cultural dialogue. Organised under the theme Knowledge Illuminates Our Community, the event is hosted by the Abu Dhabi Arabic Language Centre and held under the patronage of President Sheikh Mohamed. Peter Harrington's carefully curated collection highlights rare works celebrating Middle Eastern history and the early encounters between Islamic and Western traditions. Among the notable items is the first known appearance of Arabic script in an American novel, The Kentuckian in New-York (1834), priced at £7,500 (Dh36,675), and a previously unrecorded 19th-century Arabic-English phrasebook by an Egyptian author, also priced at £7,500. Adding to the allure is a rare first complete Arabic edition of One Thousand and One Nights printed in the Arab world at Cairo's Bulaq Press in 1835, complementing the fair's celebration of the classic as the 'Book of the World'. Other standout artefacts include a visual archive of Saudi Arabia's post-war Hejaz Railway project (1948), with over 200 unpublished photographs priced at £18,500 (Dh90,465), and a series of original watercolours by famed illustrator Edmund Dulac for The Arabian Nights, priced between £35,000 and £80,000 (Dh171,000 to Dh391,000). 'These works carry value beyond their rarity — they speak to identity, memory, and belonging,' said Pom Harrington, owner of Peter Harrington. He noted a growing appetite among Middle Eastern collectors, particularly younger ones, for items that reflect personal histories and cultural heritage. Ben Houston, the dealer's sales director, added: 'We're seeing strong interest in Arabic calligraphy, Islamic philosophy, early scientific texts, and diasporic heritage materials like trade maps and early language guides.' The fair's organisers said this trend mirrors a broader cultural movement across the region, where national identity and heritage preservation are increasingly shaping both institutional and private collections.
