Net profit for Abu Dhabi in 2018 is AED 284 million

Media In – Abu Dhabi March 4, 2019
ABU DHABI – The annual general meeting of Abu Dhabi Airlines, at its meeting today at the Ritz-Carlton Abu Dhabi, discussed an audited financial report for the fiscal year ended 31/12/2018. The company’s budget and profit and loss account were discussed and approved.
The meeting was chaired by Nader Ahmed Mohammed Al Hammadi, Chairman of the Board of Directors and in the presence of the Board of Directors and a large number of shareholders.
Nader Al Hammadi Abu Dhabi Airline achieved financial results for the year 2018, with revenues reaching AED 1,806 billion by the end of 2018 with a net profit of AED 284 million. The company has maintained its level at a time when most companies have suffered a sharp decline. Its financial performance thanks to the company’s adoption of a successful and effective strategy to diversify its investments and control over costs and expenses.
He added that the company has introduced several services and activities in the aviation sector over the last 10 years by partnering with Leonardo Worldwide and establishing the Abu Dhabi Aviation Training Center for pilots, the largest training center in the Middle East.
He added that the company was able to create a supportive real estate activity where ADA International Properties, the real estate and investment arm of the company, was established.
“2019 will be an important milestone in the growth and growth we have achieved over the past year while continuing to maintain our leading position in the aviation industry and will continue to engage in many projects and deals to achieve more profits to achieve the best Value to our shareholders and the communities in which we operate. “