Manama: Mahmood Rafique, Editor: Infracorp B.S.C has reported a net profit of USD 45.5 million for the year ended 31st December 2023, compared with USD 33 million in 2022, an increase of 38 per cent, thanks to sustained pattern of strong financials during the year.
Infracorp, a leading infrastructure and sustainable development asset investment and management firm, has reported a total revenue of USD 189 million in 2023. The real estate portfolio led the way with revenues of USD 163 million, followed by the industrial portfolio with USD 15 million in revenues. An additional USD 11 million revenues recorded from the investment and financial instruments portfolio in 2023.
“We are delighted with the positive financial results reported for the year ending 31st December 2023, which reflect our strong net profit and revenues across our investment, real estate, and industrial portfolios. These results demonstrate our continued commitment to excellence in Infrastructure projects, services, and sustainable development asset investment and management,” Hisham Alrayes, Board Chairman, Infracorp, said.
“These results reflect the efforts made over the past year and are a direct outcome of our focus on identifying and capitalising on profitable opportunities in the infrastructure sector. Our commitment to delivering innovative infrastructure solutions remains unwavering, as we continue to explore new opportunities and cultivate strategic partnerships to drive growth and expansion. We prioritise sustainability and social responsibility in all decision-making processes. Moving forward, we provide enhanced value to our shareholders and partners. Leveraging our experience in infrastructure project investments, we aim to achieve long-term returns while upholding the highest standards of corporate governance and responsible investment practices,” Alrayes, added.
