{"id":33,"date":"2015-09-01T19:58:00","date_gmt":"2015-09-01T19:58:00","guid":{"rendered":"https:\/\/hussainalnowais.net\/?p=33"},"modified":"2026-04-21T16:03:59","modified_gmt":"2026-04-21T16:03:59","slug":"senaat-general-holding-corporation-profit-up-20-for-first-half-of-2015","status":"publish","type":"post","link":"https:\/\/hussainalnowais.net\/index.php\/2015\/09\/01\/senaat-general-holding-corporation-profit-up-20-for-first-half-of-2015\/","title":{"rendered":"Senaat General Holding Corporation Profit up 20% for First Half of 2015"},"content":{"rendered":"\n
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Senaat General Holding Corporation, an Abu Dhabi government-owned industrial group, recently announced that their net profit for the first half of 2015 is up 20%. Abu Dhabi industrial group\u2019s revenues were up 2.5% from the same period last year, going from Dh6.6 billion to Dh6.8 billion. The net profit was Dh453 million for the first half of 2015. Earnings before interest, tax, and depreciation were past Dh1 billion \u2013 up 18% from the first half of 2014.<\/p>\n\n\n\n

\u201cSenaat will continue to seed its own investments through using its own profits and through a prudent approach to debt which is supported by the confidence of financial institutions in the company\u2019s ability to fulfil its future obligations,\u201d said Senaat Chairman, Hussain Jasim Al Nowais<\/a>. He also stated that Senaat is currently planning a variety of investment plans and strategic projects to further the diversification of Abu Dhabi\u2019s industrial base. These projects will also increase the contribution of the non-oil industrial sector in the emirate\u2019s gross domestic product.<\/p>\n\n\n\n

\u201cAll success factors are available for Senaat to continue to grow and perform well,\u201d he continued. \u201cIt has the financial strength, qualified and competent Emirati management team and a clear investment vision. I am confident that Senaat will continue to successfully deliver on the government\u2019s vision and contribute to its diversification efforts.\u201d<\/p>\n\n\n\n

Senaat will continue to re-invest its profits and further develop its existing companies, as well as expand its portfolio of companies. Senaat\u2019s current portfolio includes Emirates Steel (ES), National Petroleum Construction Company (Npcc), Arkan Building Materials Co, Agthia, Al Foah, and Ducab.<\/p>\n","protected":false},"excerpt":{"rendered":"

Senaat General Holding Corporation, an Abu Dhabi government-owned industrial group, recently announced that their net profit for the first half of 2015 is up 20%. Abu Dhabi industrial group\u2019s revenues were up 2.5% from the same period last year, going from Dh6.6 billion to Dh6.8 billion. The net profit was Dh453 million for the first … Continue reading Senaat General Holding Corporation Profit up 20% for First Half of 2015<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-33","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nSenaat General Holding Corporation Profit up 20% for First Half of 2015 - hussainalnowais.net<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hussainalnowais.net\/index.php\/2015\/09\/01\/senaat-general-holding-corporation-profit-up-20-for-first-half-of-2015\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senaat General Holding Corporation Profit up 20% for First Half of 2015 - hussainalnowais.net\" \/>\n<meta property=\"og:description\" content=\"Senaat General Holding Corporation, an Abu Dhabi government-owned industrial group, recently announced that their net profit for the first half of 2015 is up 20%. 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