UAE Business: Alpha Dhabi boosts stake in Aldar Properties to 30pc – Gulf Digital News

UAE Business: Alpha Dhabi boosts stake in Aldar Properties to 30pc – Gulf Digital News

UAE-based conglomerate Alpha Dhabi Holding (ADH) has announced the acquisition of an additional 17 per cent shareholding of Aldar Properties, one of the UAE’s leading real estate development, management, and investment groups. 

The acquisition will increase Alpha Dhabi Holding’s shares in Aldar Properties to 29.8%, making it one of the largest shareholders.

The acquisition comes in line with Alpha Dhabi Holding's recently announced expansion plan and future strategy, targeting AED 8 billion for investments in real estate, hospitality, healthcare, petrochemicals, and other promising sectors inside and outside the UAE.

Engineer Hamad Salem Mohamed Al Ameri, Managing Director and CEO of Alpha Dhabi Holding, said: "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."

Early this year, Alpha Dhabi Holding had acquired a 12.8% strategic stake in Aldar. The transaction, which involved the transfer of around 1 billion shares in a block trade valued at AED3.7 billion, was one of the largest private share purchases in a UAE listed company.

In this latest investment, Alpha Dhabi Holding has completed the acquisition of