Dubai PR Network, Online Press Release from Dubai and Middle East
Business, Banking and Investments(Banking & Investments)
Filter PR by
Infracorp Reports $6.2m Profit in Q1 2022
Infracorp Reports $6.2m Profit in Q1 2022
• Infracorp generates  $17.4 million revenue during first three months of 2022
• Infracorp brings sustainable social infrastructure development platform to investors around the world
23, June 2022:  Infracorp, the social infrastructure group recently announced by GFH Financial Group, achieves a net profit of $6.2 million on a revenue of $17.4 million during the first three months of 2022. Making its first financial disclosure since launching earlier this year, Infracorp reported it currently has $3 billion of assets under management.
Infracorp was established in January 2022 to bring sustainable social infrastructure development products to investors around the world, generating long-term returns and adding lasting value to communities. Eventually managing a portfolio of around $3 billion of assets, Infracorp aims to accelerate the growth of sustainable infrastructure development across MENA and South Asia regions.
“Infracorp’s first financial statement is an important milestone that marks the beginning of our journey to provide attractive products that create a positive impact in communities around the world,” said Hisham Alrayes, Chairman of Infracorp.
“The first financial statement indicates that Infracorp is well positioned to achieve its goal of driving the development of sustainable infrastructure and make a positive contribution to future generations. We are delighted at the initial response to Infracorp’s launch and look forward to seeing the entity gain momentum in the coming months.” 
Infracorp has a diverse, synergetic portfolio of businesses, including social infrastructure, mixed use developments and development solutions. In March, the company listed a $900 million green sukuk on the London Stock Exchange, the first-ever green sukuk to be listed on the exchange by a Bahraini entity. 
The company recently launched Harbour Views, an upmarket residential development in Bahrain. Located in Manama’s Harbour Heights area, the project has witnessed strong demand and is considered one of the country’s leading residential sites. 
Majed Al-Khan, CEO of Infracorp, commented: “We are very excited about the future of Infracorp. Already, we have built a varied portfolio and diversified and sustainable operational revenue streams, providing a solid foundation upon which to build and generate value for shareholders with maintain solid liquidity position. The Group is currently focusing on establishing solid operational guidelines to ensure international best practices that can adopt dynamically to macro economic changes.” 
Among Infracorp’s assets is a 250 million square feet land bank that is earmarked for sustainable economic and social infrastructure. The group is building a sustainability ecosystem in part through investments in a social infrastructure portfolio solution that comprises building materials, logistics and technologies that support climate change goals, as well as social infrastructure assets across the education and healthcare sectors.

Posted by : Editorial Team
Viewed 2423 times
PR Category : Banking & Investments
Posted on : Thursday, June 23, 2022  10:28:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of
Previous Story : TCL Joins Hands with Retail Giant Jashanmal to bring Top-of-...
Next Story : Ajman Free Zone witnesses 33 per cent increase in corporate ...
Email this article Print this article

Share this article with your friends and followers
Back to Section Home

Related Stories

Most Viewed Press Release posted in the last 7 days
Capillary Technologies Wins Best Use of Customer Analytics/Data Category with Domino's Piz... [7023-Views]
Mehmet Tevfik Nane New Chair of the IATA Board [6761-Views]
Aviation Leaders Assemble in Doha for IATA's 78th AGM [5855-Views]
Malabar Gold & Diamonds Unveils a Plethora of Jewellery Collections ahead of the Travel Se... [4781-Views]
Travel Recovery Rebuilding Airline Profitability -Resilient Industry Cuts Losses to $9.7 b... [4600-Views]
Sail through the Summer Season with belif [3981-Views]
Emirates Publishers Association Showcases 283 Titles at Al Madinah Al Munawwarah Book Fair... [3731-Views]
Fahim Al Qasimi Discusses Active Cultural and Economic Relations with Hungary's Minister o... [3481-Views]
Wizz Air Introduces New Routes to the Kingdom of Saudi Arabia from Europe and the UAE [3436-Views]
This Eid, Roll Out Happiness with Essence [3358-Views]
Beat the Heat this Summer with Healthy Beverage & Dessert Ideas from India Gate [3337-Views]
Serious Heatstroke Occurs 3.5 Times more Frequently in Overweight and Obese Individuals, S... [3305-Views]
Dubai Municipality Wins British Safety Council award for Deep Tunnel project [3132-Views]
Arab Bank “Best Bank in the Middle East 2022” [2878-Views]
Aster DM Healthcare to Open a 550-Bed Super-Specialty Hospital in Indian State Kerala's Ca... [2759-Views]
Dubai Municipality Enhances Abattoir Services in Preparation of Eid al Adha [2739-Views]
Lenovo and GEMS Education Expand Partnership with Launch of new Esports Zone at GEMS First... [2698-Views]
SBA Opens Registrations to Mould Future Leaders at First-Ever Children's Summer Programme ... [2677-Views]
Dubai's Museum of the Future Helps Build the Young Heroes of Tomorrow [2657-Views]
InterContinental Hotels & Resorts Unveils Limited-Edition Suites in Collaboration with Lea... [2636-Views]
Natuzzi Italia Presents the New Collection THE CIRCLE OF HARMONY - Second Life [2608-Views]
OMEGA Two Generations of OMEGA Explorers_UAE [2591-Views]
Just Wing It and Win at the Huddle Sports Bar and Grill [2530-Views]
2022 Diversity & Inclusion Awards Winners Announced [2526-Views]
Etihad Airways Returns to London Heathrow Terminal 4 [2480-Views]
RSS Facebook Twitter LinkedDin on Instagram
Top Sections
Top Stories