Photos: Meet UAE man who now owns some of Sheikh Zayed’s belongings in impressive antique collection
Saeed Salem Al Heabsi has a room in his home in Abu Dhabi that resembles a museum, showcasing a collection of rare items
uae13 hours ago
Abu Dhabi-based Ethmar International Holding (EIH) reported a surge in net profit reaching Dh445 million in the first half of this year, compared to Dh24 million during the same period of 2022, thereby registering an increase of Dh421 million.
The significant profits, the company noted, reflect its continuous efforts to diversify its revenue sources, which will further consolidate its position as a successful holding company.
The total assets of EIH have also increased from Dh77.7 million at the end of 2022 to more than Dh2.23 billion at the end of the first half of 2023. There has been a substantial increase in total equity reaching Dh1.35 billion compared to Dh66.3 million during the same period last year.
“With exceptional and successful positive results in the first half of the year, Ethmar International Holding proudly showcases its strong and resilient business performance across all sectors, further solidifying its position as a key player in the region,” Ali El Gebely, managing director and group chief executive officer, EIH, said.
As a leading holding company, EIH has established and acquired over 30 successful companies in five diversified major sectors, including energy, real estate, investment, technology, and healthcare.
“Committed to providing a thriving and prosperous business environment, EIH aligns its investment strategies with the principles of development, diversity, and governance, adhering to the highest standards and international best practices. Each opportunity pursued by EIH is thoughtfully chosen to create significant value, contribute to the economy, and prioritise the best interests of its esteemed investors. These remarkable achievements underscore EIH’s innovative and visionary approach, setting new industry standards and paving the way for continued success,” El Gebely added.
ALSO READ:
Saeed Salem Al Heabsi has a room in his home in Abu Dhabi that resembles a museum, showcasing a collection of rare items
uae13 hours ago
The labour law ensures a fair balance between the rights and obligations of employers and employees; here's what it says about overtime work
uae13 hours ago
The entire world is looking forward to the Council playing its intended role in maintaining international peace and security, it said
uae20 hours ago
The vessel was 10 nautical miles from Zirku Island
uae22 hours ago
The MEED Project Awards, regarded as the gold standard in the MENA region since 2007, celebrate the best in engineering, innovation, and sustainability
uae22 hours ago
Khalaf Ahmad Al Habtoor's donation to Al Jalila Foundation will also be used to renovate the nephrology unit at Dubai Hospital
uae23 hours ago
He was a towering figure in education, social service, and corporate governance
uae1 day ago
For the first time, dates for both Grade 10 and Grade 12 board exams have been released 86 days ahead
uae1 day ago