{"id":15,"date":"2015-09-29T14:48:00","date_gmt":"2015-09-29T14:48:00","guid":{"rendered":"https:\/\/hussainalnowaisuae.com\/?p=15"},"modified":"2026-04-21T16:26:05","modified_gmt":"2026-04-21T16:26:05","slug":"senaat-general-holding-corporation-profit-up-20-in-first-six-months","status":"publish","type":"post","link":"https:\/\/hussainalnowaisuae.com\/index.php\/2015\/09\/29\/senaat-general-holding-corporation-profit-up-20-in-first-six-months\/","title":{"rendered":"Senaat General Holding Corporation Profit Up 20% in First Six Months"},"content":{"rendered":"\n<p>Abu Dhabi government owned industrial group, Senaat General Holding Corporation, saw a 20% increase in net profit in the first half of 2015, reaching Dh453 million. Earnings prior to interest, tax and depreciation exceeded Dh1 billion, rising 18% from the same period last year. In the first half of this year, Senaat\u2019s revenues stood at Dh6.8 billion, showing a 2.5% increase from Dh6.6 billion the same time last year.<\/p>\n\n\n\n<p>Senaat <a href=\"https:\/\/web.archive.org\/web\/20251016161126\/http:\/\/hussainalnowais.flavors.me\/\">chairman, Hussain al Nowais<\/a>, stated that the company has a number of investment plans and projects in the works to expand Abu Dhabi\u2019s industrial base and increase the contribution of the non-oil industrial sector in the emirate\u2019s domestic product.<\/p>\n\n\n\n<p>\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 Nowais.<\/p>\n\n\n\n<p>Senaat re-invests its profits to expand its current companies and establish new projects as it continues to grow its portfolio of companies. The company established Al Gharbia Pipe Company with two of Japan\u2019s top companies in the steel industry earlier this year. Al Nowais expects the company to continue on its growth.<\/p>\n\n\n\n<p>\u201cAll success factors are available for Senaat to continue to grow and perform well. It 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 said Al Nowais.<\/p>\n\n\n\n<p>The industrial group\u2019s portfolio includes Emirates Steel (ES), National Petroleum Construction Company (Npcc), Arkan Building Materials Co, Agthia, Al Foah and Ducab as well as two companies under development; Taweelah Aluminium Extrusion Company (Talex) and Al Gharbia Pipe Company.<\/p>\n\n\n\n<p>Senaat is a leading contributor to Abu Dhabi\u2019s Economic Vision 2030, a comprehensive plan to achieve economic development in Abu Dhabi. It manages over Dh26.8 billion of industrial assets and employs more than 19,500 people.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abu Dhabi government owned industrial group, Senaat General Holding Corporation, saw a 20% increase in net profit in the first half of 2015, reaching Dh453 million. Earnings prior to interest, tax and depreciation exceeded Dh1 billion, rising 18% from the same period last year. In the first half of this year, Senaat\u2019s revenues stood at [&hellip;]<\/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-15","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Senaat General Holding Corporation Profit Up 20% in First Six Months - hussainalnowaisuae.com<\/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:\/\/hussainalnowaisuae.com\/index.php\/2015\/09\/29\/senaat-general-holding-corporation-profit-up-20-in-first-six-months\/\" \/>\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% in First Six Months - hussainalnowaisuae.com\" \/>\n<meta property=\"og:description\" content=\"Abu Dhabi government owned industrial group, Senaat General Holding Corporation, saw a 20% increase in net profit in the first half of 2015, reaching Dh453 million. Earnings prior to interest, tax and depreciation exceeded Dh1 billion, rising 18% from the same period last year. In the first half of this year, Senaat\u2019s revenues stood at [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/hussainalnowaisuae.com\/index.php\/2015\/09\/29\/senaat-general-holding-corporation-profit-up-20-in-first-six-months\/\" \/>\n<meta property=\"og:site_name\" content=\"hussainalnowaisuae.com\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-29T14:48:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-21T16:26:05+00:00\" \/>\n<meta name=\"author\" content=\"u_hussainal012\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"u_hussainal012\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/hussainalnowaisuae.com\\\/index.php\\\/2015\\\/09\\\/29\\\/senaat-general-holding-corporation-profit-up-20-in-first-six-months\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/hussainalnowaisuae.com\\\/index.php\\\/2015\\\/09\\\/29\\\/senaat-general-holding-corporation-profit-up-20-in-first-six-months\\\/\"},\"author\":{\"name\":\"u_hussainal012\",\"@id\":\"https:\\\/\\\/hussainalnowaisuae.com\\\/#\\\/schema\\\/person\\\/5b09f661f03d28ca811e890c47098da1\"},\"headline\":\"Senaat General Holding Corporation Profit Up 20% in First Six Months\",\"datePublished\":\"2015-09-29T14:48:00+00:00\",\"dateModified\":\"2026-04-21T16:26:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/hussainalnowaisuae.com\\\/index.php\\\/2015\\\/09\\\/29\\\/senaat-general-holding-corporation-profit-up-20-in-first-six-months\\\/\"},\"wordCount\":340,\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/hussainalnowaisuae.com\\\/index.php\\\/2015\\\/09\\\/29\\\/senaat-general-holding-corporation-profit-up-20-in-first-six-months\\\/\",\"url\":\"https:\\\/\\\/hussainalnowaisuae.com\\\/index.php\\\/2015\\\/09\\\/29\\\/senaat-general-holding-corporation-profit-up-20-in-first-six-months\\\/\",\"name\":\"Senaat General Holding Corporation Profit Up 20% in First Six Months - 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