Abu Dhabi investment vehicle 2009 profits rise to $307m from $191m in 2008
General Holding Corporation (GHC), the industrial investment arm of the Abu Dhabi government has announced net profits of AED1.13bn (about $307m) a 61 per cent increase on the AED703m the company made in 2008.
Total assets at GHC increased by 16 per cent to AED18.4bn last year and revenues increased to AED8.6bn, which represents a fourfold increase since 2004.
GHC has a broad portfolio of interests including Emirates Steel Industries (ESI), Abu Dhabi Basic Industries Corporation (Adbic) and Emirates Foodstuff and Mineral Water Company (Agthia).
The company employs over 17,000 UAE nationals and expatriates.
You might also like...
Iraq signs deal to develop the Akkas gas field
25 April 2024
Emaar appoints beachfront project contractor
25 April 2024
Acwa Power signs $356m Barka extension
25 April 2024
AD Ports secures Angola port concession agreement
25 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.