Wednesday, May 11, 2022 – 7:36 PM
ABU DHABI, 11th May, WAM/ The International Holding Company recorded profits of 3.55 billion dirhams in the first quarter of 2022, compared to 1.5 billion dirhams in the same period in 2021, a growth of 136%, along with revenues of 10.49 billion dirhams, while total assets amounted to 96.04 billion dirhams. An increase of 8% from December 2021, according to the financial results released today by the company.
The global holding company continues to implement its strategic growth plans, expanding its portfolio to include 323 subsidiaries, an increase of 196% from 109 in the first quarter of 2021. Consequently, the number of employees now stands at 22,345 employees, an increase of more than 194% since the first quarter of last year .
Sayed Basr Shuaib, CEO and Managing Director of International Holdings, said: “This first quarter performance reflects the resilience of our multi-business portfolio despite the ongoing volatility in the global market. No one is immune, but we have fortified our business and built it in a way that ensures it continues to grow during uncertain economic times. unprecedented; and we remain focused squarely on accelerating growth by strengthening our core business and expanding our presence in high-growth channels.
The eight listed companies of the International Investment Holding Company have consistently shown strong returns to shareholders, resulting in a gain of 20% for each share of the International Investment Holding Company, an increase from 0.73 fils in the first quarter of 2021 to 0.88 fils in the first quarter of 2022.
WAM/ Ahmed Al Nuaimi/ Islama Al Hussein
