Alpha Dhabi Holding (ADH) has acquired over a quarter of the shares in Al Qudra Holding.
It’s the second significant investment announced by ADH in as many days, with the company announcing on Monday that it had acquired an additional 17 percent shareholding of Aldar Properties, raising its stakes to 29.8 percent and making it one of the largest shareholders in the Abu Dhabi master-developer.
It forms part of an AED8 billion strategic investment plan across various key sectors inside and outside the UAE.
ADH has taken a 25.24 percent stake in Abu Dhabi-based Al Qudra Holding, a private joint stock company.
Hamad Salem Mohamed Al Ameri, managing director and CEO of ADH, said: “Al Qudra’s business strategy is a perfect fit for ADH, and this acquisition will add considerable shareholder value as we continue investing in carefully selected industries with sustainable growth potential, as the company is active in unique investment opportunities and has facilitated the development of various projects that meet the local and regional market needs.”
Last month, Al Qudra Holding completed the acquisition of Tamouh Investments from International Holding Company with consideration of mandatory convertible bonds worth AED2.244 billion, which will be converted into issued share capital of AI Qudra.
Follow us on
