Hareb Al Muhairy, board member, ADNH, is targeting further strategic growth based on the strong showings for H1 2015.
Abu Dhabi National Hotels (ADNH), the UAE-based hospitality company with operations in hotels, catering, transport and retail, has announced financial results for the half year, ended June 30, 2015.
For the period, ADNH recorded operating revenue figures amounting to AED 701 million, (US $190.81) while the company’s total assets stood at AED 9.49 billion ($2.58bn) as of June 2015.
“The first half of 2015 has been a successful period for ADNH and its business divisions,” commented Hareb Al Muhairy, ADNH board member.
“Significant achievements have been recorded by all our business divisions, and we ensured to have laid [sic] the basis of further strategic growth.”
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Overall, the hotels division accounted for 68.3% of the total operating revenue, with the properties owned and managed by ADNH having met the budgeted figures.
The recently established restaurants division has witnessed the opening of a new outlet at the Venetian Village, the city’s newest dining destination.
Todd English’s Olives Restaurant joins the collection of other international culinary brands such as Brasserie Flo, serving French cuisine; Inakaya, a traditional robatayaky Japanese restaurant; and Al Fanar, the Emirati restaurant.
Barfly, a concept developed by the Buddha Bar creators, and the Indian fine dining restaurant Punjab Grill are expected to open in the coming months.
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