Latest news with #MohamedThaniMurshedGhannamAlRumaithi
Khaleej Times
20-05-2025
- Business
- Khaleej Times
NMDC Group reports robust financial results for Q1 2025
NMDC Group on Wednesday reported that it achieved 22 per cent year-on-year increase in net profit for the first quarter, from Dh641 million in Q1 2024 to Dh784 million in Q1 2025. Revenues climbed to Dh6.2 billion, up 16 per cent year-on-year from the corresponding period of 2024. Earnings per share rose 12 per cent to Dh0.87, and total assets stood at Dh32.7 billion at the end of March 2025. By the end of the quarter, NMDC Group's backlog stood at Dh75.4 billion, with a healthy pipeline of projects. During Q1 2025, NMDC Group marked several strategic milestones, which included the inauguration of an advanced 400,000 sqm state-of-the-art yard fabrication yard in Ras Al Khair, Saudi Arabia. NMDC Group's subsidiary, NMDC Energy, was awarded an EPC contract by Taiwan Power Company (Taipower) for pipeline installation, shore approach works and dredging for the Tung-Hsiao Power Plant 2nd Stage Renewal Project. NMDC Group continued to build on its expertise and offering, where it signed an agreement to establish a new company, NMDCCC, in partnership with Consolidated Contractors Operations (Cyprus) Limited, who are a leading diversified company carrying out engineering, procurement, construction, development and investment activities internationally. Headquartered in Abu Dhabi, NMDCCC will provide a world-class, full-spectrum EPC powerhouse with unmatched global capabilities, and will operate within the UAE, with branches in Dubai and outside the UAE. Under the agreement, the new company, with an ownership structure of 50 per cent for each of the partners, will provide end-to-end EPC services, enhancing project delivery for major National Oil Companies (NOCs) with expertise in onshore oil and gas, marine construction, and integrated mega infrastructure development. NMDCCC's capabilities will span across the construction of refineries, plants, ports, bridges, roads and industrial zones. The new alliance with CCC aims to unlock greater potential for the Group by increasing its market share, tapping into new markets, successful execution of our growing backlog, mitigating the risk of uncertainty by securing execution capabilities and reducing turnaround time to better serve clients. Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of the Board of Directors of NMDC Group, said: 'The results demonstrate how ambitious we have been, both at home and abroad, as we have inaugurated new partnerships, projects, and facilities that have brought further depth to our business. Collectively, NMDC Group's market-leading diversified businesses have also come to reflect the forward-focused aspirations of the UAE and its people, and as we look optimistically ahead, we'll continue to apply our vast capabilities in ways that will drive sustainable growth and economic progress for the UAE and further afield.' Eng. Yasser Zaghloul, CEO of NMDC Group, stated: 'The notable growth in our net proft is a key indicator of the strength of our business as well as our market-leading capabilities, particularly how these continue to resonate across the energy and marine landscape. What is more, our success is also defined by trust, where shareholders and partners continue to value our expertise. As we look ahead, we'll continue to strengthen our vital relationships with government, client, investor, partner, and supplier stakeholders into the remainder of 2025 and beyond.' International expansion Oman: In line with the group's strategy that focuses on geographical diversification, NMDC Group has signed a contract for the construction of a marina project in the Sultanate of Oman, with a total value of Dh383 million. The project is expected to be completed within 15 months from the date of signing. Taiwan: NMDC Energy was awarded an EPC contract by Taiwan Power Company (Taipower) for pipeline installation, shore approach works and dredging for the Tung-Hsiao Power Plant 2nd Stage Renewal Project. The $1.136 billion project involves the design, construction and installation of 111 kilometres of linear subsea pipeline at depths ranging from 10 metres to 55 metres, stretching between Taichung and Tung-Hsiao on Taiwan's west coast. Saudi Arabia: NMDC inaugurated an advanced fabrication yard in Ras Al Khair, Saudi Arabia. The 400,000 sqm state-of-the-art yard, part of the Ras Al Khair Special Economic Zone, boasts a production capacity of 40,000 tonnes per year and will provide offshore facilities fabrication as well as onshore modularisation. NMDC Energy invested Dh200 million into its Ras Al Khair yard to provide productive, safe and environmentally sound facilities, and it will embed the latest technologies to deliver efficiencies and reduce environmental impact.
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.
Zawya
05-05-2025
- Business
- Zawya
Alpha Dhabi advances growth momentum into Q1 2025
RELATED TOPICS EARNINGS RELATED COMPANIES SJS Enersol ST REGIS Deep Well Servs NCTH Aldar Properties Taipower Admo Lifestyle H ADNOC Drilling Wabash National Mohamed Thani Murshed Ghannam Al Rumaithi: 'Alpha Dhabi began 2025 on a strong footing, building on a year of transformation and guided by a clear strategy for delivering future growth.' Eng. Hamad Al Ameri: '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.' Alpha Dhabi's continued momentum in strategy execution across key verticals has driven adjusted EBITDA to AED 4.4 billion, a 33% increase compared to the same period last year. Group Revenue stood at AED 17.4 billion, +23% YoY reflecting the depth of Alpha Dhabi's diverse portfolio alongside its consistent track record of growth. Key contributions to revenue include real estate (AED 6.4 billion), industrial (AED 6.2 billion), construction (AED 2.7 billion), and services and others (AED 2.1 billion). Key investments and strategic partnerships continue to drive growth. Abu Dhabi, UAE: Alpha Dhabi Holding PJSC ('Alpha Dhabi' or 'the Group'), one of the fastest-growing investment holding companies in the MENA region, listed on the Abu Dhabi Securities Exchange (ADX: AlphaDhabi), has reported a strong set of financial results for the period ending 31 March 2025, with Adjusted EBITDA 1 climbing to AED 4.4 billion, up 33% 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 AED 17.4 billion, a 23% increase year-on-year, reflecting the depth of Alpha Dhabi's diverse portfolio alongside its consistent track record of growth. Net profit stood at AED 2.1 billion, down from the same period last year, reflecting changes in fair market value of some of the group's public listed investments. The Group's financial position remains strong, with total assets of AED 185.2 billion as well as having equity of AED 93.5 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 has 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 (AED 6.4 billion), industrial (AED 6.2 billion), construction (AED 2.7 billion), and services and others (AED 2.1 2 billion) contributed significantly to total revenue. His Excellency 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.' Eng. Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding PJSC of Alpha Dhabi Holding, said: 'Our Q1 2025 results, including revenue growing 23% year-on-year to AED 17.4 billion, and adjusted EBITDA up 33% to AED 4.4 billion, 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. We remain focused on investments that diversify revenues, create value across the economy, and position Alpha Dhabi for long-term growth.' Alpha Dhabi's diverse portfolio remains a significant driver of its continued growth, with all segments delivering notable performance and contributing to its robust performance. In Q1 2025, Alpha Dhabi became a majority shareholder of National Corporation for Tourism and Hotels, underscoring Alpha Dhabi Holding's commitment to creating value in high-potential sectors, such as luxury tourism. In other areas, Alpha Dhabi and Mubadala's Credit Joint Venture reached AED 3.7 billion Portfolio Milestone. Q1 2025 Key Highlights Aldar: A masterclass in master development Aldar Properties PJSC ('Aldar') has successfully priced its inaugural AED 3.67 billion (USD 1 billion) hybrid capital issuance, attracting robust demand from a wide range of regional and international investors. Aldar Investment Properties (AIP), a subsidiary of Aldar Properties PJSC, and owner-manager of an AED 28 billion (USD 7.6 billion) portfolio of income-generating properties, has successfully raised AED 1.84 billion (USD 500) million through a 10-year green sukuk. Alpha Dhabi Construction Holding: Built on solid foundations Trojan General Contracting LLC, a leading member of Trojan Construction Group under Alpha Dhabi Holding, proudly contributed to achieving a 3 Pearl Estidama PBRS rating for Zayed International Airport. This achievement reflects Trojan's commitment to sustainable construction and supports the UAE's goals for innovation and environmental stewardship. Royal Advance Electromechanical, a member of Trojan Construction Group has achieved a remarkable milestone, securing two prestigious awards at the Construction Business News Middle East MEP Awards 2025. The company was recognized with the Plumbing Project of the Year award, alongside the esteemed CEO of the Year title for Engr. Wael Mansour. NMDC Energy: A safe pair of hands NMDC Energy PJSC (ADX: NMDCENR), a provider of engineering, procurement and construction services for offshore and onshore energy clients, and a majority-owned subsidiary of NMDC Group PJSC (ADX: NMDC), has inaugurated an advanced fabrication yard in Ras Al Khair, Saudi Arabia, representing the next phase of its strategic regional and global growth for the company. Equipped with the latest features in automation and digitalization, it also incorporates the latest fabrication processes and boasts a production capacity of 40,000 tonnes per year. Earlier this year, NMDC Energy was awarded a prestigious EPC contract by Taiwan Power Company (Taipower) for pipeline installation, shore approach works and dredging for the Tung-Hsiao Power Plant 2nd Stage Renewal Project. Enersol: Tapping a well of possibilities Enersol. The joint venture between ADNOC Drilling and Alpha Dhabi and energy solutions technology investment platform announced that it has closed its acquisition of a 95% stake in Deep Well Services (DWS). This marks another milestone in Enersol's mission to transform energy services through advanced technology, AI, and proprietary innovation. Since 2024, Enersol has deployed over ~ AED 2.9 billion of its AED 5.5 billion technology investment mandate, acquiring Gordon Technologies, EV, NTS AMEGA and now DWS. In 2025, Enersol is scaling fast and is set to invest further, expanding its portfolio with even more high-impact energy technology companies. ADMO Lifestyle Holding ADMO Lifestyle Holding (ADMO) announced further investment in renowned global luxury dining and hospitality brand, Nammos. This strategic move allows ADMO to drive the expansion of the Nammos brand and venues worldwide including its restaurants, hotels and resorts, reinforcing ADMO's commitment to expanding its international portfolio in the premium hospitality sector. National Corporation for Tourism and Hotels (NCTH) NCTH has acquired a strategic controlling 73.73% interest in the National Corporation for Tourism and Hotels (NCTH), after selling assets from Alpha Dhabi Hospitality Holding LLC (ADHH) and Murban Energy Limited to NCTH in exchange for shares. The transaction strengthens NCTH's position and Alpha Dhabi Holding's investment in the domestic and international luxury hospitality sector and involves the transfer of four key hotel assets. These include two iconic luxury properties in Abu Dhabi – The St. Regis Saadiyat Island Resort and Al Wathba, a Luxury Collection Desert Resort & Spa – as well as the ultra-luxury Cheval Blanc Randheli in the Maldives and the recently opened Cheval Blanc Seychelles. Alpha Dhabi & Mubadala: A winning partnership Alpha Dhabi and Mubadala announced that their joint venture, which was launched in 2023, has reached a significant milestone, building an approximate AED 3.7 billion portfolio in global credit opportunities. This achievement marks a key step toward the partnership's goal of deploying up to AED 9.2 billion by 2028, underscoring its strong momentum and progress. Onwards into 2025 Alpha Dhabi Holding's positive start to 2025 means that the company has hit the ground running. The holding company will continue to set its sights on growth, advancing action both horizontally and vertically to sustain the momentum of 2024. By continuing to work hard, it will continue to explore and capture growth opportunities in diverse, high-growth, future-centric industries. About Alpha Dhabi Holding Alpha Dhabi Holding (ADH), a UAE listed group, was established in 2013 and is one of the fastest growing Abu Dhabi based investment holding companies, with more than 250 businesses spread across healthcare, renewable energy, petrochemicals and other industries such as real estate, construction and hospitality and geographies with ADH's portfolio companies' divers in more than 45 countries. With over 95,000 employees, ADH is a strategic contributor to the UAE economy and is committed to drive continuous growth for its stakeholders through investments in emerging businesses, supporting innovation and diversity. For more information, please visit You can also follow "Alpha Dhabi Holding" on X, Facebook, Instagram, and LinkedIn.
Zawya
30-04-2025
- Business
- Zawya
UAE: NMDC Group reports robust financial results for Q1 2025
NMDC Group, a global leader in engineering, procurement, construction, and marine dredging, has reported resilient financial results for the period ending 31st March 2025. The Group achieved a 22% year-on-year increase in net profit for the quarter, from AED641 million in Q1 2024 to AED784 million in Q1 2025. Revenues climbed to AED6.2 billion, up 16% year-on-year from the corresponding period of 2024. Earnings per share rose 12 % to AED0.87, and total assets stood at AED32.7 billion at the end of March 2025. By the end of the quarter, NMDC Group's backlog stood at AED75.4 billion, with a healthy pipeline of projects. Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of the Board of Directors of NMDC Group, said, "NMDC Group continues to build on its unstoppable momentum by delivering impressive financial results and successive strategic milestones during the first quarter of 2025. The results demonstrate how ambitious we have been, both at home and abroad, as we have inaugurated new partnerships, projects, and facilities that have brought further depth to our business. Collectively, NMDC Group's market-leading diversified businesses have also come to reflect the forward-focused aspirations of the UAE and its people, and as we look optimistically ahead, we'll continue to apply our vast capabilities in ways that will drive sustainable growth and economic progress for the UAE and further afield.' Yasser Zaghloul, CEO of NMDC Group, stated, 'We are delighted to continue our strong journey by starting 2025 strong, with our solid performance reflecting significant operational milestones as well as our ambitious pursuit of impactful growth. We can confidently say that we strengthened our position in long-standing markets and that we diversified both vertically and horizontally, as well as geographically. We are pleased to announce the launch of NMDCCC, which we believe is a milestone towards the execution of our strategy to unlock greater potential for the Group by increasing our market share, providing us with greater access into new markets, in addition to allowing us to better meet the needs of and better serve our clients.' He added, 'The notable growth in our Net Proft is a key indicator of the strength of our business as well as our market-leading capabilities, particularly how these continue to resonate across the energy and marine landscape. What is more, our success is also defined by trust, where shareholders and partners continue to value our expertise. As we look ahead, we'll continue to strengthen our vital relationships with government, client, investor, partner, and supplier stakeholders into the remainder of 2025 and beyond.'
