ADNH Strengthens Portfolio with Compass Group Deal 

Abu Dhabi National Hotels (ADNH) is making significant strides in bolstering its business portfolio with the acquisition of Compass Group International B.V.’s 50% stake in their joint venture entities operating in the UAE, as announced in a disclosure to the Abu Dhabi Securities Exchange (ADX) on Friday. 

The transaction, part of ADNH’s strategic plan to enhance its revenue streams and profit margins, is expected to pave the way for an additional annual net profit of nearly AED 100 million. This move aligns with ADNH’s commitment to strengthening its position as a premier provider of food and manpower services in the region. 

Established in 1971, ADNH formed a joint venture with Compass Group in 2008, creating ADNH Compass, which has since emerged as a leading provider of food and manpower services to corporates and organizations across various sectors, including education, defense, and healthcare. 

With the regulatory and legal formalities for the acquisition transaction anticipated to be finalized soon, ADNH is poised to gain full control over its joint venture operations, marking a significant milestone in its strategic growth trajectory. 

Commenting on the acquisition, ADNH emphasized its strategic objective of boosting revenues and profit margins from key business segments, reinforcing its commitment to delivering sustainable growth and value for its stakeholders. 

The transaction comes on the heels of ADNH’s strong financial performance in the January-December 2023 period, with net profits attributable to shareholders reaching AED 422.42 million, compared to AED 415.40 million in the previous year. 

Nadim ElHaj (pictured) is currently serving as Chief Legal Officer at ADNH.