Al Habtoor Group records 19 percent revenue growth in 2022

Al Habtoor Group records 19 percent revenue growth in 2022

The UAE-based privately owned conglomerate Al Habtoor Group recorded 19 percent revenue growth in the first half of 2022 versus the same period 2021 and 36 percent increase in EBITDA.

Founded in 1970 by Khalaf Ahmad Al Habtoor, Al Habtoor Group is one of the UAE’s most successful businesses, proudly waving the Emirati flag in many cities around the globe, including London, Vienna, Budapest and Beirut.

Synonymous with dynamic growth, evidenced by its commitment to developing businesses in multiple sectors through its involvement in hotels, automotives, real estate, education, insurance and publishing.

Chairman Khalaf Ahmad Al Habtoor said: “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 local businesses.”

 

habtoor.com

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Rita Ghantous

Rita Ghantous is a hospitality aficionado and a passionate writer with over 9 years’ experience in journalism and 5 years experience in the hospitality sector. Her passion for the performance arts and writing, started early. At 10 years old she was praised for her solo performance of the Beatles song “All My Love” accompanied by a guitarist, and was approached by a French talent scout during her school play. However, her love for writing was stronger. Fresh out of school, she became a freelance journalist for Noun Magazine and was awarded the Silver Award Cup for Outstanding Poetry, by The International Library of Poetry (Washington DC). She studied Business Management and earned a Masters degree from Saint Joseph University (USJ), her thesis was published in the Proche-Orient, Études en Management book. She then pursued a career in the hospitality industry but didn’t give up writing, that is why she launched the Four Points by Sheraton Le Verdun Newsletter. Her love for the industry and journalism led her to Hospitality Services - the organizers of the HORECA trade show in Lebanon, Saudi Arabia, Kuwait and Jordan, as well as Salon Du Chocolat, Beirut Cooking Festival, Whisky Live and other regional shows. She is currently the Publications Executive of Hospitality News Middle East, Taste & Flavors and Lebanon Traveler. It is with ultimate devotion for her magazines that she demonstrates her hospitality savoir-faire.

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