UAE Business: Alpha Dhabi set to invest $100m in Dewa’s landmark IPO – Gulf Digital News

UAE Business: Alpha Dhabi set to invest $100m in Dewa’s landmark IPO – Gulf Digital News

Alpha Dhabi Holding, a leading Abu Dhabi-based conglomerate, has made a AED367 million investment into Dewa’s landmark initial public offering (IPO) through its subsidiary Alpha Dhabi Partners Holding as a cornerstone investor. 

Alpha Dhabi Holding is one of the fastest growing holding companies in the UAE and a subsidiary of the International Holding Company (IHC).

As part of the transaction, Alpha Dhabi unit 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 continuous growth for its stakeholders through investments in market leaders that enable the Company to deliver superior value to its shareholders. 

Investing in Dewa, a world-class and leading integrated utilities provider with significant ESG credentials as a key enabler of Dubai’s energy transition strategy, supports Alpha Dhabi’s long-term investment strategy.

Building on its highly diversified investment portfolio, the cornerstone investment in Dewa follows the significant investments the company has recently made in other market leaders including Aldar Properties and Q Holding. 

With a strong balance sheet, liquidity position and pipeline of potential investments and transactions, Alpha Dhabi is able to be agile in its continued effective deployment