Abu Dhabi – Mubasher: Talal Al Dhiyebi, CEO of Aldar Real Estate Group, announced that the company achieved very strong results in terms of revenues and profits in the first profit of 2022, which witnessed the addition of the results of the Egyptian “SODIC” following its acquisition last year.
In an interview with Al Arabiya, Talal Al Dhiyebi indicated that the company has a long-term view towards the Egyptian market, explaining that Al Dar Real Estate is looking forward to increasing its investments in Egypt in the future..
The profits of Aldar Properties increased by 23% in the first quarter of this year, compared to the first quarter of last year.
In a statement to the Abu Dhabi Financial Market, the company indicated that its profits amounted to 667.9 million dirhams in the first quarter 2022, compared to profits of 542.7 million dirhams in the first quarter 2021..
The company’s revenues increased by 31%, to reach 2.68 billion dirhams in the first quarter 2022, and 2.04 billion dirhams in the first quarter 2021.
Nominations:
Gulf states’ holdings of US treasury bonds fell to $226.17 billion
