Alpha Dhabi raises stake in Aldar Properties to 29.8%, becomes one of largest shareholders – ArabianBusiness.com

Alpha Dhabi raises stake in Aldar Properties to 29.8%, becomes one of largest shareholders – ArabianBusiness.com

UAE-based Alpha Dhabi Holding announced its acquisition of an additional 17 percent shareholding of Aldar Properties, raising its stakes to 29.8 percent and making it one of the largest shareholders in the Abu Dhabi master-developer.

“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,” said Hamad Salem Mohamed Al-Ameri, managing director and CEO of Alpha Dhabi Holding.

In this latest investment, Alpha Dhabi Holding has completed the acquisition of Sublime 2, Sogno 2 and Sogno 3, which together own 17 percent of Aldar Properties.