Ghitha Achieves 100% Revenue Growth in 2023, Signaling Strong Market Expansion and Operational Success

·         The Group reported strong revenue of AED 4.6Bn (+100% YoY)

• Operational profit growth of AED 99Mn; +64% YoY
• EBITDA growth of AED 79 Mn; +22% YoY (Excluding fair value changes in investments)

·         Total Assets of AED 7.1 Bn; +32% YoY

Abu Dhabi, UAE; 26 January 2024: Ghitha Holding PJSC (ADX: Ghitha), the Abu Dhabi headquartered conglomerate that consolidates Food, Agriculture, Fish, Dairy, Poultry, Vegetable Oil, retail, distribution and catering services, and is a subsidiary of International Holding Company (ADX: IHC), has released its financial results for 2023. The group reported an operating profit of AED 254 million, reflecting their commitment to operational excellence and efficiency.

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