News

19/02/2024

Transguard Group Announces Turnover of AED 2.7 billion

Dubai, United Arab Emirates – Transguard Group has issued its FY23/24 Annual Report for the financial year ended 31 March 2024. Highlights include revenues of AED 2.7 billion and an 18% increase in net profit to AED 203 million.

“This financial year was one of continued growth and evolution,” stated Rabie Atieh, CEO, Transguard Group. “We have deepened our relationships with existing customers, strengthened our position in new sectors and evolved our processes to include the latest technologies, adding value every step of the way.”

“Despite significant challenges presented by both macro- and micro-economic conditions, Transguard’s responsive and agile approach has led to an improved financial performance with topline growth that was complemented across the business with a drive towards greater financial discipline, operational resilience and a reinvigorated customer-centric focus,” added Nick Beer, CFO, Transguard Group.

For more than 20 years, Transguard has successfully navigated the UAE’s ever-evolving business landscape with priorities that are shaped by a commitment to provide best-in-class solutions across all verticals. As such, our transformation journey continues onward with a focus on both client-facing and internal process improvements. As we continue to implement new operating models, Transguard Group also remains committed to scaling our business.

One of the key takeaways from this year’s Annual Report is the crucial role Transguard plays not only in the success of our clients but also in the nation’s critical infrastructure. “We have worked hard to achieve our reputation as a reliable partner for business continuity and in the coming year this will be underscored by our ongoing efforts to align ourselves even more closely with the vision of the UAE,” Rabie concluded.

Transguard’s full annual report is available for download on its website: www.transguardgroup.com/about-us.