Abu Dhabi-based business enterprise Alpha Dhabi Holding has taken over a 25.24% stakeholding in Al Qudra Holding PJSC, as a faction of its USD 2.17 billion strategic investment blueprint throughout several sectors in the UAE.
Alpha Dhabi Holding takes over Al Qudra Holding Stake
In a statement on the Abu Dhabi Stock Exchange, Hamad Salem Mohamed Al-Ameri, Managing Director and CEO of Alpha Dhabi Holding, stated that Al Qudra’s business policy is a seamless fit for Alpha Dhabi Holding and that the take-over will enhance a substantial shareholder worth as they strived to invest in carefully specific industries with sustainable growth potential.
Al Qudra Holding is an Abu Dhabi-based private joint-stock firm that capitalizes in the real estate sector.
In December 2021, Alpha Dhabi declared plans to capitalize up to AED 8 billion sectors, inclusive of hospitality, real estate, petrochemicals, and healthcare. On 3rd January 2021, the group enhanced its shareholding volume in Abu Dhabi developer Aldar Properties to 29.8% after the acquisition of an additional 17%.
Last month, Al Qudra Holding finished the take-over of Tamouh Investments LLC from IHC with the deliberation of obligatory alterable bonds worth AED 2.244 billion (USD 0.61 billion), which would be rehabilitated into the dispended share capital of Al Qudra.
About Alpha Dhabi Holding
A multifaceted business enterprise that transformed into platforms of progress, potential, and prosperity, Alpha Dhabi Holding is striving to emerge as a market leader in all its business enterprises, steered by its leadership with insight for scaling businesses to growth and glory by utilizing technology and innovation.