Abu Dhabi National Hotels announced a remarkable net profit of AED 1.33 billion for the year 2024, marking a significant increase of 216% from the previous year’s profit of AED 422.51 million, according to the company’s income statements. This growth reflects the company’s successful strategies and operations over the past year.

The revenue from contracts with customers also saw a substantial increase, rising 77% year-on-year to AED 2.88 billion by the end of December 2024, compared to AED 1.63 billion in 2023. Additionally, the basic and diluted earnings per share (EPS) for ordinary equity holders rose to AED 0.11 in 2024, up from AED 0.03 the previous year.

Khalid Anib, the CEO of Abu Dhabi National Hotels, expressed that 2024 was a pivotal year for the company, as they executed their growth strategy effectively and enhanced their market presence. He emphasized that these strong financial results demonstrate their capability to create long-term value for shareholders and stakeholders, and he noted that the company is focused on expanding its footprint, improving efficiencies, and seizing new opportunities in the region.

Furthermore, the board of Abu Dhabi National Hotels has proposed cash dividends totaling AED 567 million, which represents an 89% annual increase and corresponds to a 7.50% dividend yield. In the first nine months of 2024, the company reported net profits of AED 1.18 billion, a significant rise from AED 288.86 million during the same period in 2023.