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Tuesday, February 27, 2024

UAE: Leading firm declares Dh100M dividends post robust H1

Abu Dhabi-based Ethmar International Holding (EIH) has declared the issuance of Dh100 million in dividends to its investors based on the interim results for H1 of this year. In the initial six months of 2023, EIH announced a net profit of Dh445 million, a substantial rise from Dh24 million in the corresponding period of 2022.

Ali El Gebely, Managing Director and Group CEO of EIH, attributed these remarkable results to the vision of the board of directors and the ongoing dedication of the team.

He emphasized the commitment to investors’ interests and the pursuit of new and lucrative investment opportunities.

As a leading holding company, EIH maintains a diverse, innovative, and sustainable investment portfolio comprising over 30 companies spanning real estate, energy, technology, investment, healthcare, and hospitality sectors.

EIH’s growth is driven by its robust expansion of total assets during the year, coupled with an acquisition and diversification strategy.

The company’s assets have surged from Dh77.7 million in H1 2022 to Dh2.23 billion by H1 2023. Total equity has also experienced a significant increase, reaching approximately Dh1.35 billion, compared to Dh66.3 million during the same period last year.

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