With revenue up five-fold since 2020, AD Ports credits its global expansion, including Noatum and GFS acquisitions, for record 2024 earnings
Results
Eshraq Investments
Eshraq board orders review of valuation of Goldilock Fund
Board believes Fund Manager failed to maintain consistency in methodology for AUM valuation, resulting in discrepancies in reported NAV
dividend payout
UAE among top 17 countries setting new dividend records in 2024
UAE-listed stocks continue to attract investors through their combination of stability and strong returns
DP World
DP World shatters all-time revenue record at $20bn in 2024
Revenue up 9.7%; Adjusted EBITDA rise 6.7% to $5.5bn; Profit dips slightly to $1.48bn on higher finance costs
D33
Dubai’s DIEZ posts 35.5% surge in 2024 net profit as revenue climbs 18.4%
DIEZ announced a 9% growth in the number of registered companies operating within its economic zones
DTC
Dubai Taxi Company’s full-year revenue for 2024 increases 12% to record $600mn
EBITDA growth of 19% to $151.9mn; Net profit up 18% to $90.2mn; Taxi fleet increases by 744 vehicles, Total trips exceed 49mn
Binghatti
Binghatti Holding delivers record revenue of $1.72bn as sales double
In a year in which the company launched 16 new projects, net profit jumps 152% to $500mn and revenue backlog triples to $2.72bn
Abu Dhabi
UAE telecom giant e& reports 4.3% rise in 2024 net profit, driven by digital growth
The telecom group recorded a 10.10% increase in consolidated revenue, reaching AED 59.20 billion from AED 54.75 billion in 2023
Abu Dhabi National Hotels
Abu Dhabi National Hotels’ 2024 net profit soars 216% to AED 1.33bn
The group’s total revenue jumped 77% year on year to AED 2.88 billion, fueled by strategic acquisitions, robust operational performance, and new business initiatives
Abu Dhabi
District cooling company Tabreed’s net profit increases by 32%
Company uses free cash to repurchase a total of $240 million of its outstanding Sukuk; Proactive debt management saves 15% in net financial costs
Abu Dhabi
Acquisitions pay off for AD Ports Group as revenue jumps 48% to $4.7bn
The company reports another year of record results with 69% growth in EBITDA to $1.23bn and 31% growth in total net profit to $480 million
Dubai
Union Properties continues its turnaround with a strong FY 2024
The company’s current assets now exceed its current liabilities – by $154.1mn – for the first time in many years
Air Arabia
Air Arabia flies high as profit before tax touches record $440 million
Full-year revenue up 11% to $1.81 billion as the airline adds 31 new routes in FYT 2024 and passenger numbers rose 12% to 18.8 million
Abu Dhabi
ADNOC Drilling’s fleet of 142 rigs pumps $4.01bn revenue in 2024
Reports all-time high EBITDA of $2.01bn, up 36% and $1.304bn in net profit, up 26%; Issues guidance to touch $5bn revenue in 2026
Abu Dhabi
ADX-listed Phoenix Group reports record $167mn profit in 2024, mining revenue up 236%
The company’s mining revenue surged to $107 million in 2024, up from $32 million in 2023 and $5.4 million in 2022
delivery services
Talabat over-delivers on guidance as net income grows 64% to $346mn
Revenue and Adjusted EBITDA growth exceeded guidance; Gross merchandising value up 23% to $7.4 billion; Net income up 64% to $346 million
Abu Dhabi National Energy Company
TAQA Group reports $15bn revenue and $1.93bn net income for 2024
EBITDA, excluding $2.94bn to acquire 5% stake in ADNOC Gas, was $5.83bn; CapEx up 63.8% as work progresses in Mirfa and Shuweihat projects