Al Habtoor Group's revenue surges 19% for H1

Al Habtoor Group's revenue surges 19% for H1

Al Habtoor Group (AHG), a UAE-based diversified business conglomerate, has announced a robust performance for the first half of 2022 for the group, registering a 19% growth in company revenue compared to last year in addition to 36% jump in ebitda.

Announcing the results, AHG Founding Chairman Khalaf Ahmad Al Habtoor said: "We had a good year in 2021 where we saw a very promising recovery post-Covid, and I predicted last November an even better 2022. I am delighted to announce that this year did not disappoint."

"The revenues in our business's various divisions surpassed the previous year's recovery and pre-Covid times. Numbers don’t lie. AHG’s revenue in H1 of this 2022 vs 2019 grew by 19 per cent in revenues and 95 per cent in ebitda.

“This shows that we have the right strategy and positioning as a group and a country overall. With the ongoing turbulent market environment and geopolitical uncertainties, the United Arab Emirates is showing exceptional resilience due to the vision and policies set by its leadership and complemented by the local businesses,” he added.