Alpha Dhabi to acquire $99.9mn worth DEWA’s share via landmark IPO

Alpha Dhabi to acquire $99.9mn worth DEWA’s share via landmark IPO

UAE’s leading investment firm and a subsidiary of International Holding Company (IHC), Alpha Dhabi Holding (ADH) has invested $99.9 million into the state-owned Dubai Electricity and Water Authority’s (DEWA) landmark initial public offering (IPO).

The transaction will be made through Alpha Dhabi’s subsidiary Alpha Dhabi Partners Holding, making it a cornerstone investor. As part of the deal, the company will acquire shares through DEWA’s IPO.

Alpha Dhabi continues to be a key and strategic contributor to the UAE’s economy and diversification efforts and is committed to driving continued growth for its stakeholders through investments in market leaders that enable the company to deliver superior value to its shareholders.

Hamad Al Ameri

MD & CEO

Alpha Dhabi Holding “DEWA’s landmark IPO is representative of the strides the UAE continues to make to diversify its economy and provides a strong platform for DEWA to build on its growth potential, supported by robust market fundamentals. DEWA’s strong ESG credentials and the high-interest nature of the IPO puts the UAE firmly on the global investment map and we are proud to be a cornerstone investor as part of their IPO.”

Building on the highly diversified investment portfolio of Alpha Dhabi, the cornerstone investment in DEWA follows the significant funding the