500 Internal Server Error.
The company reported AED4.92 billion (US$1.34 billion) in revenue, a 40 percent increase from AED3.4 billion (US$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 AED1.8 billion ($490 million) in combined value, positioning the division to develop its new long-term growth strategy. The company's AED33 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 AED4 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.
Amer Siddiqui, Group Chairman of Sanad, stated, 'Sanad's record-breaking performance in 2024 is a testament to our resilient strategy, operational excellence, and long-term investment plans. This achievement reinforces our pivotal role in Abu Dhabi's vision of becoming a global aviation hub which solidifies Sanad's position as a leader in the global aviation market. Our continued growth underscores the strength of our business model and our unwavering commitment to delivering world-class solutions to our partners from our home base in Abu Dhabi.'
Mansoor Janahi, Managing Director and Group CEO of Sanad, said, '2024 was a transformational year for Sanad. Surpassing US$1.34 billion in revenue reflects the strong market demand for our services, our advanced engine MRO and leasing capabilities, and the dedication of our exceptional teams. With strategic expansions, new partnerships, and an unwavering focus on innovation and service-delivery, we are well-positioned to sustain this momentum and drive the future of the aerospace sector in Abu Dhabi.'
Sanad further solidified its position as a leading independent engine MRO service provider, recording 161 engine inductions, a 29 percent increase from 2023. This surge was fueled by soaring demand for Trent 700, V2500, and LEAP engine maintenance. To accommodate this demand, Sanad invested over AED100 million to expand its MRO infrastructure, ensuring state-of-the-art engine repair and maintenance capabilities.
In 2024, Sanad's MRO division processed 54 V2500 engines, 40 Trent 700 engines, 28 GEnx engines, and 21 LEAP engines, performing over 43,000-part inspections and 19,000 in-house repairs. Additionally, Sanad welcomed seven new customers in 2024, bringing its total customer base to over 40, including leading airlines and OEMs worldwide. This expansion of capacity and capabilities, combined with growing global air travel, positions Sanad as a preferred partner for airlines and OEMs worldwide.
Sanad's workforce saw a 20 percent expansion in 2024, with over 130 new hires joining the company. Emiratisation remained a core focus, with UAE Nationals now comprising 32 percent of the workforce, a 19 percent increase from 2023.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
3 days ago
- Al Etihad
Sanad reports robust H1 2025 revenue of Dh3.2 billion as global orderbook surpasses Dh38 billion
17 July 2025 19:16 ABU DHABI (ALETIHAD)Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi's sovereign investor Mubadala Investment Company PJSC (Mubadala), today announced strong financial and operational results for the first half of 2025, reinforcing its role as a strategic enabler of the UAE's aviation and industrial recorded revenues of Dh 3.2 billion for H1 2025, marking a 39% increase over the same period last year, driven by continued momentum across its Maintenance, Repair, and Overhaul (MRO) and Asset Management divisions. Building on its Dh 4.92 billion achieved in 2024, Sanad is on track to achieve projected full-year revenues of Dh 5.4 billion in 2025. With 99% of H1 2025 revenues generated from international markets, Sanad is not only expanding its global footprint but also channeling international revenue streams into the UAE economy, reinforcing Abu Dhabi's position as a net exporter of advanced aerospace services and a rising force in the global aviation value chain. Expanding Global Orderbook and Strategic Agreements The Group's global orderbook has reached an all-time high of Dh 38 billion, driven by long-term agreements with key partners and an expanding global footprint. Notable developments include Sanad's entry into the Pratt & Whitney GTF MRO Network as the first and only provider in the SAMENA region, as well as the expansion of MRO operations to Al Ain through its strategic partnership with AMMROC. New engine maintenance agreements were signed with leading global airliners such as Lion Air and Garuda Indonesia, while the Group strengthened its long-standing collaboration with CFM International to provide full overhaul services for LEAP-1A and LEAP-1B MRO division has successfully inducted 90 engines in the first half of 2025 and is on pace to complete 210 inductions by year-end, a 30% increase over 2024. This growth has been enabled by major infrastructure and tooling investments to expand capacity and meet rising global demand. Investing in Infrastructure, Tooling, and expanded Capabilities As part of its long-term strategy to position Abu Dhabi as a global hub for engine MRO, Sanad is investing over Dh 150 million to expand and modernize its infrastructure, tooling, and facility capacity, laying the foundation for accelerated growth and enhanced service delivery worldwide:Upgraded engine test cell to enable full live testing of CFM LEAP engines, supporting both current and future customer requirementsCommenced phased rollout of full LEAP engine MRO capabilities, positioning Sanad among a select group of global MRO providers equipped to service this high-demand platformAdded new critical engine component repair capabilities for both LEAP and GEnx engines, marking a major milestone in expanding its advanced repair expertise and supporting faster turnaround times for airline parallel, Sanad expanded its Abu Dhabi headquarters by 3,600 sqm and commissioned a new 5,000 sqm MRO facility in Al Ain in partnership with AMMROC. These strategic investments significantly elevate Sanad's global competitiveness, technical capabilities and operational resilience, reinforcing its role as a catalyst for industrial innovation in the UAE and a trusted partner in the global aerospace value chain. Asset Management and Leasing Milestones Sanad continued to advance its position as a global asset management leader in H1 2025, executing high-impact transactions that are redefining aftermarket capabilities and strengthening its role in the global aviation supply chain. The Group acquired a portfolio of Rolls-Royce Trent 700 engines from Etihad Airways, significantly expanding its global asset management portfolio. In parallel, Sanad completed a strategic parts portfolio sale to AerSale, enhancing its aftermarket support one of the most notable transactions in the aviation leasing sector, Sanad also finalized a landmark Dh 400 million engine and component sale with AerCap Materials, marking one of the largest asset sales of its kind to strategic milestones reflect Sanad's agile, value-driven approach to asset management and underscore its growing influence in shaping the future of the global aviation aftermarket. Workforce Growth and Emirati Talent Development Sanad's success is driven by its people and the ability to attract, retain, and develop high-caliber talent in an increasingly competitive global aerospace market. Amid global talent shortages, the Group continued to grow and invest in future-ready capabilities:The workforce grew by 15% year on year, reaching 621 employees, including 51 new hires this year Emiratization rose to 34.6%, up from 28.3% in H1 2024 Delivered over 1384 training hours in H1 2025, focused on advanced MRO skills, safety, and leadership. In H1, Sanad signed an MoU with GE Aerospace to drive immersive training and knowledge exchange. In parallel, two Emirati engineers began a six-month exchange program at Rolls-Royce facilities in the UK, part of a strategic initiative announced last year during the Farnborough structured programs like the Sanad Technical Development Programs, Future Leaders Program, and OEM-certified trainings, are designed to cultivate a world-class aerospace talent Siddiqui, Group Chairman of Sanad, stated: "Sanad's strong performance in the first half of 2025 reflects strategic clarity, disciplined execution, and the continued trust of our global partners. What sets Sanad apart is its unwavering commitment to building future-ready capabilities—investing in people, technology, and global collaborations. Through knowledge exchange and advanced technical development, Sanad is helping shape a resilient, knowledge-based aerospace ecosystem that embodies the UAE's bold industrial vision. It stands as a powerful example of how UAE-born champions can deliver sustainable growth, global relevance, and lasting impact."Mansoor Janahi, Managing Director and Group CEO of Sanad, said: "Our performance in H1 2025 reflects the strength of our strategy, execution, and long-standing global partnerships. The expansion of our LEAP and GTF capabilities, the successful asset sale transactions, and our investments in infrastructure and talent all underscore Sanad's growing influence on the global aerospace stage. By embedding innovation into everything we do, whether through advanced MRO solutions or transformative talent development, we are not only meeting the evolving needs of our customers but also reinforcing Abu Dhabi's position as a global hub for aerospace excellence.' Looking ahead With a strong H1 foundation, Sanad is poised to deliver continued growth in H2 2025. The Group will advance global partnerships, scale infrastructure, and drive innovation to support rising demand for advanced MRO and asset management services. As Sanad continues to shape the future of aerospace, it remains committed to strengthening the UAE's industrial ecosystem and expanding its leadership across the global aviation value chain.
Zawya
4 days ago
- Zawya
Sanad reports robust H1 2025 revenue of AED 3.2bln as global orderbook surpasses AED 38bln
H1 2025 Highlights Strong financial performance: Achieved AED 3.2 billion in H1 2025 revenue, up 39% year-on-year Global Momentum: 99% of revenue generated from international markets Record Orderbook: Orderbook reaches all-time high of AED 38 billion with AED 5 billion in new long-term agreements added in H1 2025 GTF MRO Leadership: Joins Pratt & Whitney GTF MRO network - first and only in the SAMENA region Strategic partnerships: Expanded collaborations with Etihad Airways, AMMROC, AerSale, AerCap, GE Aerospace, Lion Air, Garuda, and CFM International Infrastructure Investment: Investing over AED 150 million to expand MRO infrastructure and tooling Talent Growth: Workforce grew by 15% with 51 new hires; total headcount now 621; Emiratization at 34.6% Abu Dhabi, UAE: Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi's sovereign investor Mubadala Investment Company PJSC (Mubadala), today announced strong financial and operational results for the first half of 2025, reinforcing its role as a strategic enabler of the UAE's aviation and industrial ambitions. Sanad recorded revenues of AED 3.2 billion for H1 2025, marking a 39% increase over the same period last year, driven by continued momentum across its Maintenance, Repair, and Overhaul (MRO) and Asset Management divisions. Building on its AED 4.92 billion achieved in 2024, Sanad is on track to achieve projected full-year revenues of AED 5.4 billion in 2025. With 99% of H1 2025 revenues generated from international markets, Sanad is not only expanding its global footprint but also channeling international revenue streams into the UAE economy, reinforcing Abu Dhabi's position as a net exporter of advanced aerospace services and a rising force in the global aviation value chain. Expanding Global Orderbook and Strategic Agreements The Group's global orderbook has reached an all-time high of AED 38 billion, driven by long-term agreements with key partners and an expanding global footprint. Notable developments include Sanad's entry into the Pratt & Whitney GTF MRO Network as the first and only provider in the SAMENA region, as well as the expansion of MRO operations to Al Ain through its strategic partnership with AMMROC. New engine maintenance agreements were signed with leading global airliners such as Lion Air and Garuda Indonesia, while the Group strengthened its long-standing collaboration with CFM International to provide full overhaul services for LEAP-1A and LEAP-1B engines. The MRO division has successfully inducted 90 engines in the first half of 2025 and is on pace to complete 210 inductions by year-end, a 30% increase over 2024. This growth has been enabled by major infrastructure and tooling investments to expand capacity and meet rising global demand. Investing in Infrastructure, Tooling, and expanded Capabilities As part of its long-term strategy to position Abu Dhabi as a global hub for engine MRO, Sanad is investing over AED 150 million to expand and modernize its infrastructure, tooling, and facility capacity, laying the foundation for accelerated growth and enhanced service delivery worldwide: Upgraded engine test cell to enable full live testing of CFM LEAP engines, supporting both current and future customer requirements Commenced phased rollout of full LEAP engine MRO capabilities, positioning Sanad among a select group of global MRO providers equipped to service this high-demand platform Added new critical engine component repair capabilities for both LEAP and GEnx engines, marking a major milestone in expanding its advanced repair expertise and supporting faster turnaround times for airline customers. In parallel, Sanad expanded its Abu Dhabi headquarters by 3,600 sqm and commissioned a new 5,000 sqm MRO facility in Al Ain in partnership with AMMROC. These strategic investments significantly elevate Sanad's global competitiveness, technical capabilities and operational resilience, reinforcing its role as a catalyst for industrial innovation in the UAE and a trusted partner in the global aerospace value chain. Asset Management and Leasing Milestones Sanad continued to advance its position as a global asset management leader in H1 2025, executing high-impact transactions that are redefining aftermarket capabilities and strengthening its role in the global aviation supply chain. The Group acquired a portfolio of Rolls-Royce Trent 700 engines from Etihad Airways, significantly expanding its global asset management portfolio. In parallel, Sanad completed a strategic parts portfolio sale to AerSale, enhancing its aftermarket support capabilities. In one of the most notable transactions in the aviation leasing sector, Sanad also finalized a landmark AED 400 million engine and component sale with AerCap Materials, marking one of the largest asset sales of its kind to date. These strategic milestones reflect Sanad's agile, value-driven approach to asset management and underscore its growing influence in shaping the future of the global aviation aftermarket. Workforce Growth and Emirati Talent Development Sanad's success is driven by its people and the ability to attract, retain, and develop high-caliber talent in an increasingly competitive global aerospace market. Amid global talent shortages, the Group continued to grow and invest in future-ready capabilities: The workforce grew by 15% year on year, reaching 621 employees, including 51 new hires this year Emiratization rose to 34.6%, up from 28.3% in H1 2024 Delivered over 1384 training hours in H1 2025, focused on advanced MRO skills, safety, and leadership In H1, Sanad signed an MoU with GE Aerospace to drive immersive training and knowledge exchange. In parallel, two Emirati engineers began a six-month exchange program at Rolls-Royce facilities in the UK, part of a strategic initiative announced last year during the Farnborough Airshow. Sanad's structured programs like the Sanad Technical Development Programs, Future Leaders Program, and OEM-certified trainings, are designed to cultivate a world-class aerospace talent pipeline. Amer Siddiqui, Group Chairman of Sanad, stated:" Sanad's strong performance in the first half of 2025 reflects strategic clarity, disciplined execution, and the continued trust of our global partners. What sets Sanad apart is its unwavering commitment to building future-ready capabilities—investing in people, technology, and global collaborations. Through knowledge exchange and advanced technical development, Sanad is helping shape a resilient, knowledge-based aerospace ecosystem that embodies the UAE's bold industrial vision. It stands as a powerful example of how UAE-born champions can deliver sustainable growth, global relevance, and lasting impact." Mansoor Janahi, Managing Director and Group CEO of Sanad, said: Our performance in H1 2025 reflects the strength of our strategy, execution, and long-standing global partnerships. The expansion of our LEAP and GTF capabilities, the successful asset sale transactions, and our investments in infrastructure and talent all underscore Sanad's growing influence on the global aerospace stage. By embedding innovation into everything we do, whether through advanced MRO solutions or transformative talent development, we are not only meeting the evolving needs of our customers but also reinforcing Abu Dhabi's position as a global hub for aerospace excellence.' Looking ahead With a strong H1 foundation, Sanad is poised to deliver continued growth in H2 2025. The Group will advance global partnerships, scale infrastructure, and drive innovation to support rising demand for advanced MRO and asset management services. As Sanad continues to shape the future of aerospace, it remains committed to strengthening the UAE's industrial ecosystem and expanding its leadership across the global aviation value chain. About Sanad Sanad Group (Sanad) is a global aerospace engineering and leasing solutions leader headquartered in Abu Dhabi and wholly owned by Mubadala Investment Company PJSC. With over 37 years of operational experience, Sanad provides leaders in commercial aviation with world-class maintenance, repair, and overhaul (MRO) services and financing solutions. Visit us at Follow us on Instagram, Facebook, and LinkedIn @TheSanadGroup For more information, please contact: Hasna Abouseir habouseir@
Sharjah 24
4 days ago
- Sharjah 24
SRTI Park launches Maxbyte Industry X.0 Innovation Hub
The initiative stems from a strategic partnership between SRTI Park and Maxbyte Technologies, a leading industrial deep tech company headquartered in Abu Dhabi. The new hub is positioned to become a regional catalyst for Industry 4.0 transformation, enabling companies—especially SMEs—to adopt digital, robotic, and decarbonization technologies that enhance competitiveness, productivity, and sustainability. Hussain Al Mahmoudi, CEO of SRTI Park, said during the inauguration: 'We are proud to launch the Maxbyte Industrial Hub from within SRTI Park—a step that marks a pivotal moment in supporting industrial modernization across the UAE and the wider region. The hub offers a real opportunity for manufacturers to access transformative tools, digital strategies, and new frameworks that will allow them to scale efficiently and smartly.' The Maxbyte Industry X.0 Innovation Hub is built on five key pillars: Innovation, Transformation, Education, Career Development, and Community Building. It aims to train 6,000 skilled professionals and engage over 125 companies in Industry 4.0 adoption by 2028. More than 75 specialized training programs are planned over the next three years, complemented by an annual Industry X.0 Innovation Festival and ongoing meetups for industrial leaders. Ramshankar CS, CEO of Maxbyte, said: 'This hub is where forward-thinking manufacturers will forge their futures. We have designed it as an agile transformation platform where enterprises can adopt digital tools, embrace automation, and build future-ready teams equipped for the next industrial era.' Among the key initiatives presented during the launch were advanced programs in Quantum Computing, Semiconductor Design & Manufacturing, Machine Tools & Smart Production, and the company's flagship LEAP program, which integrates innovation, education, and workforce readiness. The hub has already conducted over 200 ITTI readiness assessments, laying the groundwork for regional transformation. It aims to impact more than 1,500 individuals and become a cornerstone for job creation and talent development in the UAE's industrial sector. The launch of the Maxbyte Industry X.0 Innovation Hub aligns with the UAE's national Operation 300bn strategy, which is focused on boosting the industrial sector's contribution to GDP, strengthening local manufacturing, and attracting high-tech investments. SRTI Park continues to lead as one of the fastest-growing innovation ecosystems in the Middle East, providing world-class infrastructure and a thriving collaborative environment that bridges government, academia, and the private sector to shape the future of research, innovation, and industrial excellence in Sharjah and beyond.
