Abu Dhabi’s IHC acquires majority stake in Al Qudra Holding as part of expansion push – The National

Abu Dhabi’s IHC acquires majority stake in Al Qudra Holding as part of expansion push – The National

International Holding Company has taken a controlling stake in Abu Dhabi-based investment company Al Qudra Holding, as it continues to expand its portfolio of investments across sectors.

The acquisition will allow IHC to broaden its portfolio of assets in the real estate, services and hospitality sectors, it said in a statement on Monday to the Abu Dhabi Securities Exchange, where its shares are traded.

“The acquisition comes in line with this year's disclosed IHC investment plan across several sectors, including the real estate area, which will create immediate growth and value to our shareholders,” Syed Basar Shueb, chief executive and Managing Director of IHC, said.