UAE Business: Alpha Dhabi Holding buys 25pc stake in Al Qudra Holding – Gulf Digital News

UAE Business: Alpha Dhabi Holding buys 25pc stake in Al Qudra Holding – Gulf Digital News

Alpha Dhabi Holding, a UAE-based conglomerate and a leading investment company with special interests in the construction and hospitality sectors, has announced the acquisition of 25.24% shareholding in Al Qudra Holding as part of its AED8 billion ($2.2 billion) strategic investment plan across various key sectors in the emirates. 

Al Qudra Holding is an Abu Dhabi-based private joint stock company which has grown significantly by focusing on sustainable development in the region and creating value by investing in fundamental growth sectors. 

With this move, Alpha Dhabi Holding has declared an intent to consolidate its position as a considerable contributor to the economy of the UAE in full alignment with the nation’s ‘Projects of the 50’ series of initiatives.

Last month, it had acquired Tamouh Investments from International Holding Company with consideration of mandatory convertible bonds worth AED2.25 billion, which will be converted into issued share capital of Al Qudra. 

The Emirati group will maintain its status as the ideal destination for talent and investors and has allocated the budget of AED8 billion for investments in promising sectors inside and outside the UAE, it added. 

Alpha Dhabi Managing Director and CEO Hamad Salem Mohamed Al Ameri said: "We are