Shaimaa Hefzy

Abu Dhabi National Hotels, the UAE-based hospitality and catering company listed on the Abu Dhabi Securities Exchange, saw its net profit fall by 31% year-on-year in the first quarter of 2026 due to the repercussions of the war in Iran, according to a company statement on Thursday.

Gulf states, including the UAE, have been affected since the outbreak of the Israeli-American war against Iran at the end of February, which was followed by Iranian strikes against Gulf states, causing disruption to travel and aviation.

Quick background about the company

(According to official data)

Abu Dhabi National Hotels Company has been operating for about 50 years in hotel management and restaurant operations, and has been listed on the Abu Dhabi market since 2000. Al Maamoura Diversified Global Holding Company, a subsidiary of Abu Dhabi’s sovereign Mubadala Investment Company, owns 17.5% of it.

The company manages the operations and commercial teams of more than 12 hotels in Abu Dhabi, Dubai and Ajman, and its portfolio includes prominent hotels such as: The Ritz-Carlton Abu Dhabi, Grand Canal, Park Hyatt Abu Dhabi Hotel and Villas, Kempinski Hotel The Boulevard Dubai, JW Marriott Dubai Marina and Sofitel Dubai Jumeirah Beach .

More details

During the first quarter of 2026, net profit fell by about 31% to AED 108 million ($29.4 million), with revenue declining year-on-year by 2% to AED 863 million, according to the statement.

In its statement to the stock exchange, the company said that all of the group's operating sectors were affected to varying degrees as a result of the repercussions of military attacks that the UAE witnessed during the first quarter of the year, followed by significant disruptions in economic activities.

"The hospitality, travel and transport sectors were the most affected as a result of declining tourism flows, reduced business travel and market uncertainty. The catering sector was affected to a relatively lesser extent due to the basic nature of its operations and its reliance on long-term contracts," the statement said.

According to the statement, Abu Dhabi’s hotel sector has been resilient amid regional fluctuations, while Dubai’s hotel market has seen a more severe decline with regional developments.

(Prepared by: Shaimaa Hefzy, Edited by: Omnia Assem, Contact: zawya.arabic@lseg.com)

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