Alpha Dhabi Holding (ADH), the UAE’s leading investment firm and a subsidiary of International Holding Company (IHC), has acquired a 25.24 percent stake in Al Qudra Holding, a private joint-stock company.
This is the second-biggest real estate investment by Alpha Dhabi Holding in two days. Earlier, Alpha Dhabi had raised its stake in Aldar Properties to a near 30 percent.
The continuous investments are part of a $2.2 billion investment plan Alpha Dhabi has drawn up, for expanding its portfolio in real estate, hospitality, and other mixed-use projects.
Al Qudra’s business strategy is a perfect fit for ADH, and this acquisition will add significant shareholder value as ADH continues to invest in carefully selected industries with long-term growth potential, and the company is active in unique investment opportunities and has facilitated the development of various projects that meet the needs of the local and regional markets.
Hamad Al Ameri MD & CEO – Alpha Dhabi Holding
“ADH has built a $2.2 billion investment fund to boost its portfolio by developing, acquiring and investing in companies that reflect our own commitment to both customers and shareholders. Investments like these offer huge potential for adding to our progress and growth in the construction, health care, hospitality, industry, chemicals and investment fields.”
Alpha Dhabi Holding has stated its intention to strengthen its position as a significant contributor to the UAE economy, in line with the country’s ‘Projects of the 50’ strategy, and to maintain its status as the top destination for talent and investors.
In December 2021, Al Qudra Holding completed the acquisition of Tamouh Investments from IHC with consideration of mandatory convertible bonds worth $610 million, which will be converted into the issued share capital of AI Qudra.
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