Sanad reported a 35% revenue increase for the first half of the year, reflecting significant growth in its core operations. The Abu Dhabi-based aerospace services firm recorded AED4.31 billion in revenue on Monday, equivalent to $1.17 billion. This surge was driven by strong demand for engine maintenance services and the strategic expansion of its asset management business, solidifying its position in the global market.
Wholly owned by Mubadala Investment Company, Sanad generated 99% of its revenue from international customers, demonstrating its extensive global footprint. During the six-month period, the company signed eight new commercial agreements worth AED95.5 million. These deals reflect a growing preference for the firm's integrated approach, which moves beyond traditional maintenance, repair, and overhaul to include asset management, engine testing, and material support. This shift addresses airlines' increasing need for partners capable of managing the entire engine lifecycle.
Mansoor Janahi, Managing Director and Group Chief Executive Officer of Sanad, highlighted the company's ability to navigate market challenges. "The first half of 2026 marks another important milestone in Sanad's evolution," Janahi stated. He attributed the success to an agile strategy designed to counter global supply chain disruptions. Janahi further emphasized that through continued investment in advanced capabilities, infrastructure, and personnel, the company is strengthening operational resilience for its customers. This approach is central to helping shape the future of aerospace from Abu Dhabi.
To sustain this momentum, Sanad has invested more than AED800 million over the past two years to bolster repair capabilities, engine testing infrastructure, and maintenance capacity in the UAE. Key developments include a AED480 million Repair Center of Excellence in Al Ain, scheduled for operation by 2030. A new geared turbofan engine MRO facility is also set to launch in late 2028. Furthermore, the development of twin engine test cells in Al Ain aims to establish the region's largest civil aircraft engine testing facility, a move that will significantly expand the company's technical service offerings.
Frequently asked questions
What is Sanad's revenue for the first half of 2026?
Sanad reported a revenue of AED4.31 billion, equivalent to $1.17 billion, for the first half of 2026.
How much did Sanad's revenue increase in the first half of 2026?
Sanad's revenue jumped 35% in the first half of 2026, driven by international demand for engine services.
What is Sanad's asset management business expansion strategy?
Sanad's strategic expansion of its asset management business solidifies its position in the global market by offering integrated services beyond traditional maintenance, repair, and overhaul.
What is the significance of Sanad's new commercial agreements?
Sanad signed eight new commercial agreements worth AED95.5 million, reflecting a growing preference for the firm's integrated approach to engine services.
