Sanad’s revenues rise by 40%, hitting Dhs4.92 billion in 2024

The company’s Dhs33 billion order book was bolstered by major partnerships with Air Mauritius, Deucalion Aviation, Asiana Airlines, and Lion Air

- 

Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi's sovereign investor Mubadala Investment Company (Mubadala), has announced exceptional financial results for 2024, surpassing the $1 billion milestone for the first time in its history. The company reported Dhs4.92 billion ($1.34 billion) in revenues, a 40% increase from Dhs3.4 billion ($925 million) in 2023, underscoring its rapid expansion and strategic market positioning.

Sanad's exceptional performance was fueled by unprecedented global demand for engine MRO services, expansion into key global markets, and transformative strategic agreements with leading airlines and global Original Engine Manufacturers (OEM).

Sanad's Leasing division witnessed significant achievements, executing five major transactions exceeding Dhsl.8 billion ($490 million) in combined value, positioning the division to develop its new long-term growth strategy.

The company's Dhs33 billion order book was bolstered by major partnerships with Air Mauritius, Deucalion Aviation, Asiana Airlines, and Lion Air, propelling its contracted business by an additional Dhs4 billion in 2024. Additionally, Sanad's global expansion strategy was reinforced by establishing a dedicated sales presence in Singapore, further strengthening its footprint in the high-growth APAC region and enhancing its global sales network.