Alpha Dhabi Holding, already one of the largest shareholders in Abu Dhabi’s top-developer Aldar, has increased its stake to 29.8 percent. This acquisition comes in line with Alpha Dhabi Holding’s newly announced growth plan and future strategy, targeting Dh8 billion for investments in real estate, hospitality, healthcare, petrochemicals, and other promising sectors inside and outside the UAE.
It was in the past year that Alpha Dhabi acquired a 12.8 percent “strategic stake”, which involved the movement of around 1 billion shares in a block trade measured at Dh3.7 billion. It was one of the biggest private share trades in a UAE-listed company. In this latest investment, Alpha Dhabi has gone forward with the acquisition of entities Sublime 2, Sogno 2, and Sogno 3 which together own 17 percent of Aldar.
According to Hamad Salem Mohamed Al Ameri, The Managing Director and CEO of Alpha Dhabi Holding, “The real estate sector has been witnessing an outstanding recovery during 2021. Demand for residential, commercial, hospitality, and logistics units continue to grow as a result of the resilience and agility of the country’s post-pandemic strategy.
“Aldar’s rapid growth, strategic expansion plan, and projects pipeline represents the right investment for ADH and our shareholders. Aldar’s many projects vary between local, regional, and international markets and align with our vision for ADH to explore new markets.”
It was last year that Alpha Dhabi picked up 12.8% in Aldar for Dh3.7b
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Alpha Dhabi Holding PJSC works for the provision of construction services. Its projects include high-rise buildings, medium-rise buildings, housing and residences, commercial, culture and education, healthcare, hospitality, industrial and agricultural, public and military, infrastructure, and international. The company was founded on June 5, 2013, and is headquartered in Abu Dhabi, United Arab Emirates.
